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Oct 27 - 07:55 PM

AUD/USD - Opens Slightly Higher As Post-CPI Gains Meet Sellers

By John Noonan  —  Oct 27 - 06:31 PM
  • AUD/USD opens 0.23% high and just slightly above where it was pre-Aus CPI

  • Sellers ahead of 0.7550 helping to cap rallies for now

  • Falls in equities and commodities encouraged paring back of AUD/JPY longs nL1N2RN2MR

  • AUD-favourable yield differentials underpin AUD/USD on dips

  • Key resistance is at the 200-day MA at 0.7559

  • Support is at the 10-day MA at 0.7479 and break eases upward pressure

  • Key today will be AUD/JPY flows and moves in Asian equities

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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