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Dec 12 - 11:55 PM

AUD/USD - Gives Back Early Gains Ahead Of Key US CPI

By John Noonan  —  Dec 12 - 10:30 PM
  • AUD/USD opened -0.74% after firm US yields and weak commodities weighed nL1N3321R7nL1N3320GL

  • It moved higher early Asia on talk of AUD/JPY buying out of Tokyo

  • AUD/USD traded to 0.6774 before falling back to 0.6745 into the afternoon

  • AUD/USD support at 21-day MA at 0.6727 and break targets 38.2 fibo at 0.6590

  • Resistance is at a double-top formed around 0.6850

  • US CPI a key event later today and could determine direction for USD nL4N33304N

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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