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Apr 21 - 01:55 PM

AUD/USD - Struggles At 200DMA, Next Week Is Pivotal

By Justin Mcqueen  —  Apr 21 - 10:05 AM
  • AUD falls back to 0.67 as soft risk tone saps demand for high beta FX

  • 200DMA (0.6743) keeps bears in control, 0.68 also a key hurdle

  • Next week is pivotal for the short-term AUD outlook with Q1 CPI on tap

  • Topside surprise would likely fuel AUD gains, opening door to May a hike

  • Markets see a May hike at only a 29% chance 0#RBAWATCH

  • AUD/NZD (equity neutral cross) is a better expression for higher AUD

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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