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Jul 29 - 07:55 PM

AUD/USD - Ekes Out Gains, Upside Limited

By Krishna K  —  Jul 29 - 06:10 PM
  • AUD/USD opens 0.25% higher on softer-than-forecast U.S. economic data

  • Boosted by growing perception that Fed will remain patient on tapering

  • Buoyed by elevated risk mood as China calms investors nerves nL1N2P50RW

  • Upside limited as Sydney lockdown clouds economic recovery outlook

  • RBA meets Tuesday, widely expected to reverse taper decision nL1N2P5043

  • Resistance 0.7415-20, 0.7445-50, support 0.7375-80, 0.7355-60

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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