By John Noonan — Dec 13 - 09:15 PM
AUD/USD continues to leak lower in Asia after strong overnight gains
AUD is down against the EUR and JPY as markets position for Fed decision
AUD/USD longs paring back after Tuesday rally fell short of 0.6900
The 200-day MA is at 0.6902 and the 50% of 2022 drop is at 0.6915
AUD/USD filling in the gap created by the response to the softer US CPI
Bids are tipped 0.6800/10 with support at the 10-day MA at 0.6772
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Source:
Refinitiv IFR Research/Market Commentary