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Mar 20 - 02:36 AM

AUD/USD - Has A High Bar To Meet For Confirmation Of Reversal

By Ewen Chew  —  Mar 20 - 01:45 AM
  • AUD/USD gave back some gains after topping out before 0.6000

  • Last at 0.5855 after reaching intraday peak 0.5913; ASX +0.9%

  • Needs to close at high, above 0.6000 to confirm reversal chart cue

  • Australia PM braces for 6-mth impact of virus nS9N28R028

  • RBA bought $2.9 bln in government bonds Fri to stoke lending

  • More stimulus measures to be announced over weekend nL4N2BD04Z

Source:
Refinitiv IFR Research/Market Commentary

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