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Jun 20 - 10:55 PM

AUD/USD - Maintaining Bid Tone In Solid Start To The Week

By John Noonan  —  Jun 20 - 08:45 PM
  • AUD/USD is up 0.40% in early trading and appears bid above 0.7500

  • AUD worst performing currency last week - but outperforming this morning

  • Call by West Pac that RBA will hike Q1 2023 appears to be resonating

  • They argue RBA's employment and inflation goals will be reached sooner

  • RBA on record as saying they didn't see goals reached until 2024

  • AUD/USD resistance is at 200-day MA at 0.7553 and break would ease pressure

  • Support is at the 61.8 of the 0.6990/0.8007 move at 0.7378

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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