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Sep 11 - 07:55 PM

AUD/USD - Opens High As USD/JPY Fall Spurs Broad USD Selling

By John Noonan  —  Sep 11 - 06:35 PM
  • AUD/USD opens +0.80% after USD broadly eased led by USD/JPY

  • BOJ Ueda comments on weekend resulted in a hawkish shift in BOJ expectations nL1N3AK2KF

  • AUD/USD shorts pared back, as China concerns eased and commodities rose nL1N3AN0JAnL1N3AN0M9

  • AUD/USD trading above the 10 & 21-day MAs - that converge at 0.6425/30

  • Price action suggests there might be a short-term bottom in place

  • Sellers are tipped at 0.6450 with resistance at the 0.6522 double-top

  • Support is at 0.6358 where it bottomed last week

  • Key in Asia will be moves in the USD/CNH and USD/JPY

  • Aus consumer confidence and NAB business survey are on tap today

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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