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Weak commodity prices & CB risk hinder AUD/USD rallies

AUD/USD slips near 0.7620 on weak commodity prices & overall firm USD 0.7670/80 proves formidable again & pair starts month on its heels Market also leery of RBA tonight, no cut forecast but explicit might be taken If St…

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  • AUD/USD slips near 0.7620 on weak commodity prices & overall firm USD 

  • 0.7670/80 proves formidable again & pair starts month on its heels

  • Market also leery of RBA tonight, no cut forecast but explicit might be taken

  • If Stevens leans easy AUD likely gets hit, 2015 low then in play

  • Pair could eye supports near 0.7240/70 & 0.6855 initially if it breaks below 

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Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560