top of page

Title: AUD/USD rises to the 0.7500 area after FOMC minutes

  • Writer: analysiswatch
    analysiswatch
  • Jul 8, 2021
  • 1 min read

Jul 08, 2021 1:31:27 PM GMT

By: AnalysisWatch



The AUD/USD rose from 0.7485 to 0.7506 following the discharge of the FOMC mines. A decline of the dollar boosted the pair that erased every day losses. It nonetheless trades close to in the direction of the month-to-month low than to Tuesday’s top.


The mines confirmed Fed officers recollect the same old of “large in addition progress” had to regulate financial coverage became visible as now no longer having but been met. Various FOMC contributors cited they count on situations to lessen the tempo of asset purchases to be met in advance than formerly expected.


The US greenback pulled returned throughout the board after the mines, erasing every day gains. The DXY became negative, falling to the 92.50 zone. US yields stay close to every day lows. The10-yr stands at 1.31%, on its manner to the bottom near on account that February 18.


The AUD/USD nonetheless holds a bearish bias, with charge nicely beneath the 20-day easy shifting average (SMA). A restoration above 0.7540 might alleviate the strain and above 0.7600/05 the Aussie will strengthen. The 20 and 200-day SMA converge on the 0.7560 vicinity in order to be a degree to watch.


On the turn side, the important thing help stands at 0.7455. A consolidation under might clean the manner to greater losses, with the primary goal round 0.7400.

 
 
 

Comments


2b94f773-a237-4da7-a599-6b42314ed9e6.png

Risk Disclosure: AnalysisWatch will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
AnalysisWatch would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore AnalysisWatch doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

bottom of page