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Jul 06 - 08:55 AM

AUD/USD - RBA, Commodities Give Bulls The Advantage

By Christopher Romano  —  Jul 06 - 07:31 AM
  • RBA tapers QE purchases, maintains rate hike views though nL3N2OI1L6

  • AU interest rates AU3YT=RRYTTc1 rally sharply, AUD broadly bid

  • Copper HGv1 hits 14-session high, iron-ore DCIOc2 rallies above 1,310

  • AUD/USD rallies to 0.7599 early in Europe's morning, near 0.7575 at NY open

  • Rising RSIs, pierced 200- & 21-DMAs, monthly bull hammer are bullish techs

  • Resistances sit at the June 25 & 17 daily highs, latter high is key

  • Break of June 17 high likely to trigger stops, 0.7710/20 then targeted

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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