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Oct 15 - 02:55 AM

AUD/USD - Overcomes 100 DMA As China Supports Property Sector

By Ewen Chew  —  Oct 15 - 01:47 AM
  • AUD/USD climbs to 0.7424, edging past 100 DMA resistance 0.7413

  • Risk-on continues in Asia, gets slight boost from China

  • China said to be easing some property curbs to soothe credit woes

  • Some banks told to speed up mortgage approvals nL4N2RB162

  • AUD/USD has potential to reach 50% retracement line 0.7499

  • But likely poor China GDP on Mon may impede progress nL1N2R90MT

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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