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Nov 04 - 08:55 AM

AUD/USD - Bear Market Showing Signs Of Indecision

By Peter Stoneham  —  Nov 04 - 06:50 AM
  • AUD helped by reports China may relax its strict anti-COVID measures

  • U.S. Dollar also relaxes its grip ahead of today's U.S jobs data

  • AUD/USD still set to post a negative week but with signs of mkt indecision

  • A tight weekly Doji candlestick could point to fading supply flows

  • A Doji candle last week adds to the potential rebound risk

  • AUD upside still limited as RBA highlights its relatively dovish stance

  • In contrast, Fed likely to hold rates at higher level for longer

  • AUD/USD levels to watch: 0.6273 Thurs low and 10DMA on top at 0.6386

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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