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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.
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Free AccessAUD/USD has ticked higher, last trading 20...>
AUSSIE: AUD/USD has ticked higher, last trading 20 or so pips better off, just
shy of $0.7430, aided by a strong domestic building approvals print and flows
stemming from the AUD/NZD cross after the softer NZ ANZ business confidence
release, with a source pointing to an Asian macro fund buying AUD/NZD.
- The Aussie also managed to shrug off the slowing Chinese PMIs.
- Clustered resistance is noted at the July 26 & 25 highs $0.7463-64, while
support is noted at yesterday's low ($0.7386).
- The AU trade balance & retail sales releases provide the AUD risk events this
week, ahead of next week's RBA MonPol decision.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.