Free Trial

AUD/USD has ticked below $0.7200, last.......>

AUSSIE
AUSSIE: AUD/USD has ticked below $0.7200, last $0.7197, after adding only 4 pips
Tuesday, as early gains registered on the back of broader risk-on flows &
Chinese fiscal stimulus were pared. 
- The latest Westpac consumer confidence print resulted in the survey moving
into pessimistic territory i.e. sub-100, for the first time since November 2017.
- Initial support noted at yesterday's low of $0.7180, followed by the 100-DMA
at $0.7173. Conversely, bulls eye the cloud base at $0.7207 and a jump above
would shift their focus to yesterday's high of $0.7226. 
- Australian calendar for the remainder of the week is rather light and includes
domestic home loans due Thursday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.