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Jan 07 - 02:55 AM

AUD/USD - Inches Lower On Profit-Taking But Setup Is Positive

By John Noonan  —  Jan 06 - 10:04 PM
  • AUD/USD opened 0.54% higher at 0.7803 after benefiting from risk rally

  • Market largely ignored extraordinary events in Washington D.C. nL1N2JH25T

  • AUD and risk was given a boost from fiscal hopes after Georgia election nL1N2JH0OOnL1N2JH2YB

  • AUD/USD traded to 0.7815 early before profit taking capped the rally

  • Pair tracked down to 0.7791 and was just above into the afternoon

  • Asian equity markets and E-mini futures remained buoyant in Asia

  • AUD/USD resistance is at the March 2018 weekly high at 0.7916

  • Support is at the 10-day MA at 0.7678

  • For more click on FXBUZ

aud/usd Click here

aud/usd 2 Click here

Refinitiv IFR Research/Market Commentary


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