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Jul 01 - 07:55 AM

AUD/USD - 0.75 Flips To Resistance After Drop To 29-Week Low

By Rob Howard  —  Jul 01 - 05:49 AM
  • AUD/USD ran into resistance around 0.7500 after rallying off 0.7476

  • 0.7476 was 29-week low at 0636GMT. 0.7500 is a former support point

  • There is a large 0.7500 option expiry for the 10am ET NY cut nL2N2OD0BN

  • Drop to 0.7476 influenced by negative COVID news from Australia

  • New South Wales says Delta outbreak grows despite lockdown nL2N2OD02Y

  • RBA monetary policy announcement and Lowe briefing next Tuesday nL3N2OB1QH

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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