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The AUD/USD managed to reverse Wednesday's...>

AUSSIE
AUSSIE: The AUD/USD managed to reverse Wednesday's early losses, to print a high
of $0.7408, last $0.7400.
- The lack of follow through on Wednesday's low and support emerging ahead of
2018 ($0.7311) lows is less than ideal for bears. In saying that, daily studies
remain well placed for a fresh leg lower with a close below $0.7311 still needed
to shift focus to tests of the 2017 lows. Initial resistance comes in the form
of the July 16 high ($0.7442), followed by hourly support from July 10
($0.7459).
- Focus today falls on the domestic labour market report and Q2 NAB business
confidence survey.
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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