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Oct 13 - 07:55 PM

AUD/USD - Opens Higher As USD Falls In 'sell The Fact' Reaction

By John Noonan  —  Oct 13 - 05:57 PM
  • AUD/USD opens 0.39% higher after USD fell across the board

  • USD fell despite hot US CPI and hawkish Fed minutes as market was long USD nL1N2R91NQnL1N2R92AS

  • Fall in longer dated US yields undermined USD and led to longs paring back nL1N2R92GL

  • AUD/USD just shy of Tuesday's high at 0.7384 wit sellers tipped at 0.7380/85

  • Break of 0.7385 targets 100-day MA (0.7415), which has held since June 11

  • Support is at 10-day MA at 0.7320 and break would ease upward pressure

  • Aus employment data the key event today with market looking for -137 K jobs

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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