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Nov 21 - 12:12 AM
AUD/USD - Bounce On China Trade Deal Optimism - Strikes Cap
First appeared on eFXplus on Nov 20 - 09:50 PM
  • Rebounds on China's Liu, cautiously optimistic on reaching a phase 1 deal

  • Hit 0.6786 earlier as stocks, UST yields fell, E-mini S&P -0.2% from -0.5%

  • Back just below 0.6800 on the China comments - moving with stocks and risk

  • Charts - momentum studies, 5, 10 & 21 DMAs are net bearish

  • Dip recently stalled at 0.6769, which remains pivotal and vulnerable

  • Asian 0.6786/0.6804 range is initial support and resistance

  • 0.6800-10 1BLN strikes a potential magnet of certainly cap

























auf nov 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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