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Jun 09 - 01:55 AM

AUD/USD - Consolidates At Familiar Levels As New Catalysts Sought

By John Noonan  —  Jun 08 - 11:37 PM
  • AUD/USD opened 0.24% lower at 0.7737 after USD broadly firmed Tuesday

  • In a very quiet morning session the AUD/USD only managed a 0.7735/44 range

  • The high was hit after China CPI came in tamer than expected nAZN0196QA

  • AUD/USD support is at the 10-day MA at 0.7732 and Monday's 0.7727 low

  • Resistance is at 0.7765/70 where daily highs and 50% retracement converge

  • A close above 0.7775 is needed to reignite upward momentum

  • A fall below 0.7720 targets last week's low at 0.7646

  • AUD/USD may move sideways ahead of Thursday when ECB meets and US CPI is out

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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