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Jul 29 - 08:36 PM
AUD/USD - Hovering Around 0.6900 As Tone Remains Heavy
First appeared on eFXplus on Jul 29 - 06:55 PM
  • AUD/USD consolidated 0.6895/0.6916 Monday, as all the action was in GBP
  • Sentiment towards AUD/USD bearish, but market hesitant ahead of key events
  • Aus CPI tomorrow followed by the FOMC, which is the key event this week
  • Support at the 76.4 of the 0.6832/0.7082 move at 0.6891
  • Resistance at yesterday's 0.6916 high, as break ends 6-days of lower highs
  • A clear break above 0.6916 would suggest downward momentum is waning

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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