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Thomson Reuters
Jul 10 - 08:36 PM
AUD/USD - Opens Firm After Powell Inspired Relief Rally
First appeared on eFXplus on Jul 10 - 06:20 PM
  • AUD/USD opens 0.46% higher as USD broadly fell after dovish Powell testimony
  • Fed chair emphasized uncertainty - leaving door wide open for Fed rate cuts
  • Rsik assets buoyant after Powell with copper rising 2.45% and EM ETF +0.85%
  • AUD/USD traded to 0.6910 prior to Powell comments and topped out at 0.69770
  • Resistance at 10-day MA at 0.6984 and break shifts pressure to the upside
  • Support @ 0.6910/15 where yesterday's low and 61.8 of 0.6832/0.7048 converge

aud/usd Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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