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TDUX
Jul 27 - 10:55 PM

AUD/USD - Firms Slightly Ahead RBA Governor Speech

By James Connell  —  Jul 27 - 09:55 PM

• AUD/USD +0.1% Tue, trading subdued despite some volatility across markets

• RBA Governor Bullock speech on monetary policy 0305 GMT closely watched

• Korean equities hit hard (KOSPI -8.3%), Oil prices sharply lower wtd

• Trump talking up Iran peace prospects in wake of pause in hostilities

• FOMC meeting outcome due Wed, no FFR change expected, dialogue critical

• AU Q2 CPI due Wed, Reuters poll consensus +0.7% q/q, +4.1% y/y

• AUD needs to break above 0.7020-25 resistance to maintain positive momentum

• Range Asia 0.6982-94 support 0.6866 0.6834, resistance 0.7027 0.70885
AUD weekly 52-WMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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