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AUD/USD hasn't been able to mount a..........>

AUSSIE
AUSSIE: AUD/USD hasn't been able to mount a sustained challenge of $0.7400 and
continues to wallow after the latest round of trade war headlines hit on
Tuesday, last dealing at $0.7370.
- Support comes in at $0.7373 (Hourly support June 19), although the cross had
had a brief look below, while resistance is seen at $0.7430 (Hourly support June
18 now resistance).
- RBA Governor Lowe is due to speak in European hours after the minutes of the
Reserve Bank of Australia's June board meeting (released yesterday) appeared
broadly optimistic but strangely omitted the guidance that the next move in the
cash rate is more likely to be up, rather than down.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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