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Jul 29 - 07:55 PM

AUD/USD - Trend Higher Continues After Dovish Fed

By John Noonan  —  Jul 29 - 06:15 PM
  • AUD/USD opens 0.28% higher as broad USD weakness persists after FOMC nL2N2F029Z

  • AUD/USD sellers cap for now with minor resistance at 0.7200/10

  • Clear break above 0.7210 targets eventual move to 2019 high at 0.7295

  • AUD/USD trend higher to continue as long as 10-day MA @ 0.7118 holds on dips

  • Elevated metal prices continue to underpin AUD as correlation strengthens nL3N2F00DI

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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