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The AUD/USD pair keeps range near the upper bound of today’s trading
range, as investors digest the latest upbeat Australian trade balance
data.
AUD/USD: 0.7700 closer?
Currently, the AUD/USD pair now trades modestly flat at 0.7677, flirting
with session tops previously posted at 0.7683. The bulls seem little
impressed by narrower-than expected Australian trade balance figures,
which showed that the trade deficit shrank to AUD -2.41bln in July
versus AUD -2.70bln expected and AUD -3.19bln last.
