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Sep 27 - 01:55 AM

AUD/USD - Stand-Out Gains As Risk Rally Encourages Buying

By John Noonan  —  Sep 26 - 11:39 PM
  • AUD/USD opened 0.7250 after falling 0.53% Friday to 0.7257

  • Equities and commodities pushed higher in Asia and underpinned AUD

  • E-minis +0.44% while AXJ index rose 0.33% and Dalian iron ore gained 2.8%

  • AUD/USD traded to 0.7291 before settling around 0.7285

  • Resistance is at the double top at 0.7315/20 and 21-day MA at 0.7328

  • Support has formed at multiple daily lows at 0.7220/25

  • AUD moved higher against all major currencies in Asia

  • Investors are not reacting to uncertainty surrounding Evergrande for now

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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