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Jul 30 - 05:55 PM

AUD/USD - Gets Late Boost From After-Hours Earnings Reports

By John Noonan  —  Jul 30 - 05:30 PM
  • Strong results by Apple and Facebook in the after hours underpinning risk

  • Apple shares up over 5.0% in after hours after beating street estimates

  • AUD/USD bid into the close and traded just below 0.7200 - closing at 0.7196

  • AUD/USD made strong recovery from intraday low at 0.7121

  • Bounce validated the 10-day MA as key support - as it was 0.7118 Thursday

  • Sellers tipped ahead of 0.7200 with minor resistance at 0.7200/10

  • Break above 0.7210 targets the 2019 high at 0.7295

  • Support is at the ascending 10-day MA, which comes in at 0.7138 today

  • For more click on FXBUZ










aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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