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Mar 03 - 01:55 AM

AUD/USD - GDP Gain Stalls Ahead Of Short-Term Resistance

By John Noonan  —  Mar 02 - 10:14 PM
  • AUD/USD opened 0.62% higher at 0.7820 after AUD outperformed

  • After trading at 0.7815 it was around 0.7825 when Aus Q4 GDP was released

  • It came I much better than expected and AUD/USD traded up to 0.7839 nL2N2L100N

  • Sellers emerged ahead of resistance at 0.7840/50 and it fell to 0.7820/25

  • The 10-day MA is at 0.7843 and 50% of 0.8007/0.7692 is at 0.7849

  • A break above 0.7850 targets the 61.8 of that move at 0.7886

  • Rising commodities and strong Aus economy underpinning AUD nL3N2L10FO

  • Support is at the 55-day MA at 0.7714 and break would suggest top in place

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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