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Jul 31 - 09:48 PM
AUD/USD - RPT-BUZZ-AUD/USD-Falls On Fed's "hawkish Cut" But Holds Key Support
First appeared on eFXplus on Jul 31 - 07:30 PM

Repeats to additional subscribers

  • AUD/USD opens 0.38% lower as USD broadly strengthened after the Fed decision
  • Fed cut 25 BPs but signalled it was not start of easing cycle nTLAVIEF78
  • AUD/USD tested to the June 18 low at 0.6832 and level managed to hold
  • Fall cushioned by short-covering and subtle shift in RBA expectations
  • Firmer Aus CPI and less dovish than expected Fed gives RBA breathing room
  • AUD/USD still under pressure and clear break below 0.6830 targets 0.6715
  • Hourly resistance formed at 0.6855/60 and break eases downward pressure

aud/usd 1 Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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