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Feb 23 - 06:55 AM

AUD/USD - Upside Wanes, 200DMA Failure Will Likely Boost Shorts

By Justin Mcqueen  —  Feb 23 - 05:30 AM
  • AUD/USD upside beginning to peter out ahead of 0.66

  • Fed pushback and firm US data continues to favour USD higher

  • Fitch says China rate cut impact is limited nFWN3F8071

  • Failure to close above 200DMA (0.6564) will be a worry for AUD

  • Near-term support resides at 0.6527 (200HMA) and 0.6500

  • CNH drift lower will also back shorts

  • Westpac sees lowest dividend flow related support since 2021

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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