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Mar 01 - 01:55 AM

AUD/USD - Grapples With 100 DMA In Bid To Turn Bearish Tide

By Ewen Chew  —  Mar 01 - 12:05 AM
  • AUD/USD pops above 100 DMA 0.6740 in tenative turn; last 0.6750

  • Wed close above could give longs a chance to build higher

  • May lead to a test of 0.6786 top of Bollinger downtrend channel

  • Closing above that resistance will mark end of bearish tide

  • China's Feb PMIs reduces doubt at economic rebound nL1N35904R

  • Outshines weak Australia Q4 GDP data released Wed nL1N35902A

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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