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Jul 23 - 07:55 PM

AUD/USD - Trending Higher But Risks Starting To Weigh

By John Noonan  —  Jul 23 - 06:40 PM
  • AUD/USD opens Asia 0.56% lower as AUD fell across the board

  • Wall Street fell, as weak US data and rising US-China tensions weighed nL2N2EU26TnL3N2EU0JU

  • Concerns US House and Senate are far apart on stimulus bill also weighs

  • AUD/USD still trending higher with 5, 10 & 21-day MAs in bullish alignment

  • Support at former resistance at 0.7069 and 10-day MA at 0.7037

  • Resistance at Wednesday's 0.7183 high and sellers tipped ahead of 0.7170

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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