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Aussie little changed in a quite morning trade

Monday, Jul 13 2015
Besides China Trade Balance figures there were no major data releases from Australia. Asian investors were also anxiously watching to see if China's stock markets could sustain last week's late rally after a barrage of government support measures. Also, markets are paying attention to development on Greek debt crisis with recent news reporting that deal has been made.
 
In commodity markets, gold failed to get much of a safety bid, easing over a dollar to $1,161.80 an ounce XAU=. Oil prices were under pressure as Iran and six world powers neared an historic nuclear deal that would bring sanctions relief and thus more crude onto the market. Brent crude was off 99 cents to $57.74 a barrel LCOc1 and U.S. crude eased 89 cents to $51.85.
 
Aussie added few points this morning and is currently being traded around 0.7450 area. Pair is likely to find support around 0.7389 level and resistance above 0.75 handle. There will be no major data releases in the rest of the session.
 
More in this category: « China's Trade Balance surplus narrowed in June EU Summit reached deal with Greece »

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