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Jul 16 - 08:36 PM
AUD/USD - Completes Bearish Outside Day As USD Broadly Higher
First appeared on eFXplus on Jul 16 - 06:20 PM
  • AUD/USD opens 0.43% lower, as strong US retail sales sent USD broadly higher
  • AUD/USD resistance at July 4 high at 0.7048 validated by fail at 0.7045
  • Pair completed bearish outside day with support at 10-day MA at 0.6992
  • AUD/USD likely to consolidate ahead of tomorrow's key Aus jobs data
  • RBA focused in labour market as main factor determining policy nRUAGIEF67

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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