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Dec 23 - 03:48 PM
AUD/USD - Early Bear Run Thwarted By The 200-DMA
First appeared on eFXplus on Dec 23 - 01:25 PM
  • After nearing 0.6930 in Europe's morning pair slides into NY's open

  • Bears push pair lower despite disappointing US data nL1N28X0EY

  • Slide halts just short of the 200-DMA, bounce ensues as US$ trades lower

  • Equity gains, bounce in copper, AU bond yield rise help buoy AUD/USD

  • Pair near 0.6920 late in the day; shorts face growing risks nL1N28X0LG






chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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