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Jul 27 - 01:55 AM

AUD/USD - Gains On Broad USD Weakness And Buoyant Equities

By John Noonan  —  Jul 26 - 11:55 PM
  • AUD/USD opened at 0.7090 and traded to0 0.7087 on gloomy start

  • Negative news on coronavirus spread weighed on price action early nL3N2EW02JnL5N2EX017

  • Mood changed to positive after US Republicans agreed to aid package nL5N2EX017

  • AUD/USD moved higher as E-Minis moved over 0.5% higher and USD weakened

  • AUD/USD traded to 0.7146 before settling around 0.7140 into the afternoon

  • Resistance at last week's 0.7186 high in focus with break targeting 0.7295

  • Trend higher in place while 10-day MA at 0.7058 holds on dips

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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