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Jul 02 - 02:55 AM

AUD/USD - Lack Of Bounce Reinforces Bearish Bias

By Krishna K  —  Jul 02 - 01:15 AM
  • AUD/USD consolidates in narrow 0.7461-0.7470 range in Asia ahead of U.S. NFP

  • USD strength on expectations of better than forecast U.S. jobs data weighs

  • Lack of bounce after falling 1.6% this week points to intrinsic weakness

  • Dalian iron ore set for 2nd weekly fall, dampens AUD sentiment nL3N2OE09S

  • Rising virus cases in NSW, slow vaccine rollout undermine nL2N2OD3CZ

  • AU to halve arrivals from overseas, offers COVID-19 exit roadmapnL2N2OE028

  • Weekly close below 55-DMA at 0.7445 bearish, resistance 0.7500-10, 0.7525-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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