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Sep 14 - 01:55 AM

AUD/USD - Steady But Underpinned By Buoyant Equities

By John Noonan  —  Sep 13 - 11:45 PM
  • AUD/USD slipped to 0.7269 in early Asia on AUD/NZD selling flows

  • The cross fell around 0.50% to 1.0880 from NY close around 1.0930

  • Buoyant equity markets in Asia helped AUD/USD to recover early losses

  • S&P ftures were up 1.10% while the AXJ equity index gained 0.80%

  • AUD/USD was around 0.7285 into the afternoon session

  • Support is at the 21-day MA at 0.7259 and close below targets 0.7192

  • Resistance is at Thursday's 0.7325 high and break targets 0.7413

  • Key will be moves in equity and commodity markets ahead of FOMC Wednesday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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