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Jul 24 - 11:55 PM

AUD/USD - Recovers Some Ground As Dalian Iron Ore Soars 8% Higher

By John Noonan  —  Jul 24 - 11:00 PM
  • Dalian iron ore futures are up over 8%

  • It may be helping to underpin AUD/USD as it moves back above 0.6900

  • Pair traded to 0.6878 earlier when USD surged higher across the board

  • AUD/USD support at 0.6840/45 where the 10 & 21-day MAs converge

  • Resistance is at 0.6965/70 where the 55-day MA and a trend-line converge

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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