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Aug 05 - 10:55 PM

AUD/USD - Reverses Lower On Gloomy Economic Outlook

By John Noonan  —  Aug 05 - 10:20 PM
  • AUD/USD below 0.7190 after trading to 0.7212 earlier

  • Australian government says Victoria lockdown to negatively impact GDP nS9N2EK013

  • Market likely looking for excuse to shed longs, as impact not surprising

  • AUD/USD support at the 10-day MA at 0.7161 and break eases upward pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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