Free Trial

AUD/USD last trades 5 or so pips lower at....>

AUSSIE
AUSSIE: AUD/USD last trades 5 or so pips lower at ~$0.7415, with some modest
pressure apparent after the AUD/NZD cross broke through Monday's low.
- Bears continue to look for a close below the YtD low ($0.7311) to shift focus
to tests of the 2017 lows. Daily studies are well placed for a fresh leg lower.
Layers of resistance have followed the pair lower and add to bearish confidence.
Bulls now need a close above hourly support from July 10 ($0.7459) to gain
breathing room.
- Today's focus falls on the RBA's July meeting minutes (with any language on
the domestic money markets likely garner the most attention).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.