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May 04 - 11:55 PM

AUD/USD - Maintains Bid Tone After Strong Building Approvals

By John Noonan  —  May 04 - 09:46 PM
  • Aus March buliding approvals boomed at +17.4% versus +3.0% expected nAZN06YK00

  • Reaction to the volatile series muted, but AUD/USD retains bid tone

  • it is trading near the highs of the session just below 0.7730

  • Resistance is at the 10-day MA at 0.7750 and break would ease pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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