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Sep 12 - 03:48 PM
AUD/USD - Long Remains Cautiously Optimistic
First appeared on eFXplus on Sep 12 - 01:40 PM
  • Pair slides in early NY as yen buys drive AUD/JPY lower, 0.6863 trades
  • Bounce ensues as global bond yields rally after ECB inject stimulus
  • Sharp rally near 0.6900 as risk rallies on trade headlines
  • Trump admin denies inter deal, risk sinks AUD/USD nears 0.6865
  • Stocks & yields remain buoyed though, AUD/USD lifts above 0.6880 late
  • Tech lean bullish, RSIs rise, cloud top pierced, new s-t high is set

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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