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Thomson Reuters
Jun 05 - 07:24 AM
AUD/USD - Could Catch Fresh Bid If Aussie Q1 GDP Above F/c
First appeared on eFXplus on Jun 05 - 05:50 AM
  • Profit-taking on longs has helped deflate AUD/USD to 0.7623 (intra-day low)
  • AUD/USD rose over 1% to a 6-week high of 0.7666 Monday as risk appetite rose
  • Bids are tipped near 0.7600 (former resistance level)
  • Australian Q1 GDP data is due Wednesday at 0130GMT, +0.9% f/c
  • Better than expected number could spur fresh demand for AUD

Aussie GDP: Click here

Source:
Thomson Reuters IFR Markets

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