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Jul 31 - 06:55 AM

AUD/USD - Retreats From 17-Month High As Month-End Looms

By Rob Howard  —  Jul 31 - 05:20 AM
  • AUD/USD tests 0.7184 after retreating from 0.7227 (early Europe high)

  • 0.7184 is a former resistance level (last week's high, July 22)

  • Ascent to 0.7227 fuelled by USD selling after Trump floats election delay

  • See: nL2N2F111T. 0.7227 = highest level since Feb 2019 nL2N2F208C

  • 0.7122 was Thursday's low, before Trump's election-related tweet

  • Victoria flags new steps to control surging COVID-19 cases nL3N2F1704

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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