By John Noonan — Jul 26 - 09:05 PM
AUD/USD traded 0.6957 as rise in Wall Street futures rally after key earnings reports
Microsoft and Alphabet gave upbeat forward guidance after mixed earnings
Microsoft mixed expectations but was very optimistic on future earnings
The share price flipped from negative to up over 5% in after-hours trading
AUD/USD resistance is at 50% retracement at 0.6982 and yesterday's 0.6984 high
Focus will shift to Aus Q2 CPI to be released at 01:30 GMT
The CPI will likely impact RBA expectations and impact AUD in immediate-term
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Source:
Refinitiv IFR Research/Market Commentary