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Sep 15 - 01:55 AM

AUD/USD - Well Bid After RBA Minutes And Strong China Data

By John Noonan  —  Sep 14 - 11:40 PM
  • AUD/USD opened 0.11% higher at 0.7289 and moved lower first up

  • It traded down to 0.7267 with AUD/JPY selling adding some weight

  • Market was likely positioning itself for dovish RBA Minutes

  • Minutes weren't as dovish as some expected and AUD/USD moved back to 0.7290 nS9N2BC02E

  • China retail sales and IP beat expectations and AUD/USD pushed higher nS9N2BC02E

  • AUD/USD traded as high as 0.7316 heading into the afternoon session

  • Resistance is at thursday's 0.7325 high with sellers just ahead

  • Support is found at the 21-day MA at 0.7264 and break eases upward pressure For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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