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Feb 28 - 05:55 PM

AUD/USD - Slightly Lower Head Of Aus Growth And Inflation Data

By John Noonan  —  Feb 28 - 05:30 PM
  • AUD/USD opens -0.16% after mood soured and USD gained on safe-haven nL1N35835T

  • It traded to 0.6757 in Europe to end 5-day streak of lower daily highs

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at the 100-day MA at 0.6795 and 10-day MA at 0.6806

  • Bids tipped at 0.6695/0.6700 with support at 50% of 0.6170/0.7158 at 0.6664

  • Aus Q4 GDP and January CPI out today and may shape RBA expectations

  • Inflation and cosumption component of GDP will be worth noting

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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