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Sep 07 - 02:55 AM

AUD/USD - Briefly Moves Higher As RBA Continues With Tapering Plan

By John Noonan  —  Sep 07 - 12:53 AM
  • AUD/USD briefly moved higher after RBA decided not to pause taper plans nS9N2PN00O

  • RBA did say however - they would continue 4 Bln per week until Feb instead of Nov

  • Opinion was divided among analysts so reaction is relatively muted

  • The high so far has been 0.7469 - below Friday's 0.7477 high

  • RBA acknowledged economic recovery interrupted by Delta outbreak

  • The AUD/USD has backed off from the high and is trading around 0.7435

  • Market was positioned long into the RBA decision - so upside limited

  • Support is at previous resistance at 0.7426

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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