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Jul 26 - 09:55 PM

AUD/USD - Moves Up Ahead Of Aus CPI As E-Minis Rise In After-Hours

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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