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Jul 22 - 03:55 PM

AUD/USD - Key Fibo Acts Magnetically, Helps Stall The Rally

By Christopher Romano  —  Jul 22 - 01:55 PM
  • NY opens near 0.7155, overnight rally extends as commodities, stocks gain

  • US$ broadly sold & AUD/JPY trades above 76.85, AUD/USD rallies to 0.7184

  • Copper turns negative, US$ firms & USD/CNH rallies back above 7.0100

  • AUD/USD drops from the day's high, slides toward 0.7130 before bouncing

  • Pair hovers near the 61% Fib of 0.8136-0.5510 late in the day

  • Inverted daily hammer could be a warning for longs For more click on FXBUZ











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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