FxWirePro: AUD/USD rises on upbeat Australia Business Confidence
AUD/USD opens Tuesday at 0.7404, had been trading heavily with a stronger greenback across the board Positive June business Confidence numbers buoyed the pair today, currently trading at 0.7420 with a high of 0.7422 and …
AUD/USD opens Tuesday at 0.7404, had been trading heavily with a stronger greenback across the board
Positive June business Confidence numbers buoyed the pair today, currently trading at 0.7420 with a high of 0.7422 and a low of 0.7386
Today's upbeat Biz Conf numbers a further input into the RBA's thinking as it muses over the need for more monetary stimulus
Rallies could find initial resistance at 0.7559 (23.6% fibo retracement), then 0.7647 come as the short term resistance, last weeks trend low at 0.7372 critical support
Sentiment is at large bearish AUD with focus on tomorrows' China GDP release
