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Thomson Reuters
Nov 27 - 03:48 AM
AUD/USD - Bounces Back, Ignores Trade Tensions For Now
First appeared on eFXplus on Nov 27 - 01:30 AM
  • AUD/USD shrugs off early risk aversion, rises 0.25% in Asia
  • Asian stocks mostly hold gains, but Shanghai turns negative in pm trade
  • AUD/USD close above 10 DMA at 0.7255 would turn s/t outlook positive
  • But close below 21 DMA at 0.7226 turns the outlook negative
  • For now signals are mixed with s/t MAs and momentum studies conflicting
  • Markets likely to stay close to home ahead of Powell Weds and G20 Fri/Sat

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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