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Jun 11 - 02:55 AM

AUD/USD - Profits Booked On Fed Induced Reality Check

By Krishna K  —  Jun 11 - 01:30 AM
  • AUD/USD down 1.1% in Asia as risk sold on gloomy economic outlook from Fed

  • E-Mini -1.35%, ASX 200 -2.9% on Fed's dour economic projections nW1N2CX03R

  • AUD inability to sustain rise above 0.7000 leads to p/taking; Wed hi 0.7069

  • Drop a much needed correction as rally over extended after 6% rise in June

  • Falling U.S yields, possibility of Fed yield curve control to limit AUD drop

  • Support 0.6900, 0.6860; resistance 0.6960, 0.6990-0.7000, 0.7030

  • Related nL1N2DN2VL


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Source:
Refinitiv IFR Research/Market Commentary

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