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TDUX
Jul 20 - 03:55 PM

AUD/USD - Some Ground Ceded By Bulls

By Christopher Romano  —  Jul 20 - 01:39 PM

• NY opened near 0.7005 after 0.6960 traded overnight, the rally extended

• Rallies in silver, copper, equities & gold's upward mover helped lift AUD/USD

• The pair hit 0.7015 but bulls could not maintain upward momentum

• USD buying & firmer yields weighed on the pair

• 0.6995 neared before the pair settled near 0.7005 late, it was up +0.32% late

• AUD/JPY's rally helped to keep AUD/USD higher on the session

• Techs lean bullish; RSIs rising, 10-DMA supports, pair above t-l off May 13 high
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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