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Jun 27 - 07:55 PM

AUD/USD - Early Dip As COVID Related Lockdowns Create Uncertainty

By John Noonan  —  Jun 27 - 05:39 PM
  • AUD/USD trading with an offered tone, as coronavirus uncertainty weighs

  • Sydney and Northern Territories in lockdown as Delta variant causes concern nL2N2O8012

  • If case numbers continue to rise it may impact tone of July 6 RBA meeting

  • AUD/USD has traded as low at 0.7572 after closing Friday at 0.7589

  • It is currently trading around 0.7580 after buying emerged on the early dip

  • Strong risk appetite continues to underpin the AUD and other risk currencies

  • AUD/USD support is at the 200-day MA at 0.7560 and break increases pressure

  • Resistance is at the 38.2 of the 0.7891/0.7478 move at 0.7635

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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