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Nov 08 - 09:55 PM

AUD/USD - Slips Below 0.6500 As Upward Momentum Stalls Ahead Of US CPI

By John Noonan  —  Nov 08 - 08:50 PM
  • AUD/USD under gentle pressure in Asia as market positions for US CPI later today

  • After trading to 0.6516 earlier it ha slipped to 0.6490/95 in quiet trading

  • The AUD/USD rally stopped short at the 55-day MA at 0.6551

  • Failure to break above that reading has encouraged longs to pare back

  • AUD/USD support at yesterday's 0.6445 low and 10-day MA at 0.6425

  • China CPI and PPI just came out and not having an impact nAPN0QMSGU

  • RBA Deputy Governor Bullock speaks late today after London opens

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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