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Thomson Reuters
Jun 06 - 12:12 AM
AUD/USD - Stalls Around Monday's High As Longs Pare Back
First appeared on eFXplus on Jun 05 - 10:30 PM
  • AUD/USD traded to 0.7665 - one pip shy of Monday's 0.7666 high after Aus GDP
  • Market was likely long into the GDP, as risk for was better than expected
  • Stronger GDP unlikely to sway RBA, as they were already upbeat on growth
  • Support now at 0.7635 where it was trading just before the release
  • AUD/USD a better buy on dips, as risk appetite resilient and commodities bid
  • The 38.2 of 0.8136/0.7413 @ 0.7689 & break signals S/T bottom in place

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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