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Sep 11 - 03:48 PM
AUD/USD - Investors Indecisive Ahead Of ECB Risk
First appeared on eFXplus on Sep 11 - 01:40 PM
  • Pair falls after break above 55-DMA, key Fib & daily cloud
  • UST yield rise & broad US$ bid keep pair heavy during NY trading
  • Oil & copper drops help weigh; equity gains help to limit the fall
  • Support near 0.6845/50 intact though as traders await ECB impact on risk
  • Daily doji candle forms & pair below 55-DMA again, could mean end of rally
  • If ECB actions buoy risk AUD/USD rally might resume and set new highs

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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