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Dec 15 - 07:55 PM

AUD/USD - Closes Higher After Post FOMC Rally

By John Noonan  —  Dec 15 - 05:23 PM
  • AUD/USD ended a whippy session 0.93% higher and above 21-day MA at 0.7156

  • It is the first close above the 21-day MA since Nov 3

  • AUD/USD staged a furious rally in last 2 hours of after trading at 0.7092

  • Wall Street was relieved by Powell comments during press conference

  • Powell indicated Fed was unlikely to start raising rates before end of taper nL1N2T0399

  • AUD/USD resistance is at the Dec 9 high at 0.7187

  • A break above 0.7190 targets the 38.2 of 0.7555/0.6994 at 0.7208

  • Support is at the 21-day MA at 0.7150 and 10-day MA at 0.7123

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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