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Derived real-time data in partnership with:
Thomson Reuters
Nov 26 - 02:36 AM
AUD/USD - Steady Asian Markets And Cross Flows Underpin
First appeared on eFXplus on Nov 25 - 10:15 PM
  • AUD/USD 0.25% higher at 0.7245 heading into the Asian afternoon session
  • AUD underpinned by cross flows with AUD/JPY up 0.47% and AUD/NZD up 0.28%
  • Asian equity markets buoyant with AXJ equity index around 0.60% higher
  • Market may be positioning for risk bounce after falls in thin markets Friday
  • Brent Crude around 1.0% higher in Asian trading - helping to support risk
  • AUD/USD support at 21-day MA at 0.7217 which has held since Nov 1
  • Resistance at Friday's 0.7255 high - break ends 5 days of lower highs
  • More resistance at 61.8 of 0.7338/0.7202 move at 0.7286

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Source:
Thomson Reuters IFR Markets

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