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Jun 08 - 07:55 PM

AUD/USD - Opens Lower Due To Jitters Ahead Of ECB And US CPI

By John Noonan  —  Jun 08 - 06:25 PM
  • AUD/USD gave back all of Tuesday's gain to close 0.59% lower

  • Equities fell due to hawkish ECB expectations and hot US CPI expectations nL1N2XV2D4

  • Higher US yields underpinned USD against every currency except the EUR

  • AUD/USD support is at the 0.7105/10 where the 21-day MA and 38.2 fibo meet

  • Resistance is at the 200-day MA at 0.7255 and trend high at 0.7282

  • AUD/USD trend higher losing momentum as 5-day MA tilting lower

  • Downside cushioned by firm key commodities nL1N2XV03BnL1N2XV0K7

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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