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Jul 23 - 08:36 PM
AUD/USD - Opens Lower As USD Broadly Strengthens
First appeared on eFXplus on Jul 23 - 06:20 PM
  • AUD/USD opens 0.45% lower after the USD climbed across the board
  • Pair managed to close above 10-day MA at 0.7001 after hitting low at 0.6996
  • Next support levels @ 38.2 of 0.6832/0.7082 @ 0.6986 and 55-day MA @ 0.6958
  • AUD/USD weighed down by market pricing out chance of Fed 50 BP cut next week
  • Resistance at the 10-day MA at 0.7022 and break would ease downward pressure

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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