FxWirePro: AUD/USD minor pullback from Wed's low, outlook still bearish
Friday, July 10, 2015 4:49 AM UTC
- AUD/USD is making a minor recovery from lows of 0.7371 on Wed, but long-term outlook still remains bearish
- Upbeat Australia employment data and improved risk appetite supportive
- Greek debacle will be in focus over the weekend and a positive outcome could buoy the pair further
- AUD/USD is currently trading at 0.7486 with a high of 0.7495 and a low of 0.7442
- Supports lie at 0.7391 (July 9 low) and then 0.7371 (July 8 low) , while resistances on the top-side are at 0.7500 (Jul 7 highs), 0.7554 (Daily Tenkan-Sen)
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