AUD/USD down 50 pips on the day to 0.7370
The Australian dollar is the best-performing commodity currency today but that isn't saying much. It caught a bid after yesterday's CPI report.
Bids:
- 0.7362 (Asian low)
- 0.7350 (demand ahead)
- 0.7341 - July 21 low, technical support
- 0.7328 - 2015 low
- 0.7300 - reported barrier
- 0.7250 - strong demand, barrier
There's enough there to make the case for buying in the short term. ANZ is also recommending an AUD/NZD trade.
AUDUSD daily
