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TDUX
Jul 29 - 07:55 PM

AUD/USD - Steadies As Markets Calibrate Multiple Forces

By James Connell  —  Jul 29 - 06:05 PM

• AUD/USD -0.3% since early Wed after oscillating in wake of Fed decision

• FOMC leaves FFR target unchanged, with three dissents preferring a hike

• Trump vowed to retaliate against Wed's surprise attack by Iranian forces

• Reports Yemen's Houthis considering Red Sea tolls; Brent crude +7.7%

• Pressure eases on RBA to hike after cooler than expected inflation update

• AUD likely to drift lower toward 0.6908 200-DMA, sell rallies 0.7020-25 zone

• RBA Assistant Governor Sarah Hunter speaking in Sydney early Thur

• Range early Asia 0.6950-63 support 0.6920 0.6866 0.6834, resistance 0.7027
AUD Daily 200-DMA


DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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