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Derived real-time data in partnership with:
Thomson Reuters
Oct 26 - 02:36 AM
AUD/USD - CORRECTED-BUZZ-AUD/USD On The Back Foot As CNY Weakens
First appeared on eFXplus on Oct 25 - 11:00 PM

Corrects USD/CNY milestone

  • AUD/USD trades a range of 0.7060/82 in Asia, last at 0.7062
  • AUD/USD pressured by rising USD/CNY which trades at highest since Jan 2017
  • Strong support remains at 0.7040/50 with a break targeting lvls below 0.7000
  • S/t MAs and momentum studies suggest downside vulnerable
  • Only a close back above 21 DMA at 0.7110 negates bearish outlook
  • US Q3 advance GDP to be main USD driver Friday, expected at +3.3%

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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