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Derived real-time data in partnership with:
Thomson Reuters
Feb 05 - 08:36 AM
AUD/USD - Underpinned By Less Dovish Than Expected RBA
First appeared on eFXplus on Feb 05 - 06:20 AM
  • AUD/USD elicited support at 0.7238 after retreating from 0.7265 (Asia high)
  • 0.7238 = 38.2 pct of 0.7194 (Asia low, pre-RBA statement) to 0.7265
  • Ascent to 0.7265 was fuelled by short-covering after RBA's neutral stance
  • See: nL1N200041 nL3N2000PL nL3N2000LW. RBA's Lowe speaks Wednesday
  • Offers expected near 0.7288 (200DMA) if AUD/USD vaults 0.7265
  • AUD/USD has been trading below the 200DMA since March 2018

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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