Now gold is weakening and USD is gaining some steam favoring AUD/USD bearish bias. If the bear pullback extends supports are likely seen near 0.7442 June 25 high and 0.7400 figure.
AUD/USD Daily Forecast - 10 July
- Monday, Jul 09 2018
AUD/USD found some resistance a little above 0.7476 May 30 low near the 50-period simple moving avearge on the daily chart. The last AUD/USD 120-pip bull run was lead by some strength in gold (AUD is positively correlated to it) and USD weakness.