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Derived real-time data in partnership with:
Thomson Reuters
May 09 - 02:36 AM
AUD/USD - Lower With Risk And US/China Trade Expectations
First appeared on eFXplus on May 08 - 11:30 PM
  • Off 0.3% with risk, as markets fell on Trump China comments nW1N21U007
  • Busy once Asia fully opened in a 0.6967/0.6995 range - AUD/JPY -0.4%
  • Bar steadily being reduced on a realistic, positive US/China trade pact
  • Neutral momentum studies, negative 5, 10 & 21 daily, weekly, monthly MAs
  • Bearish setup targets a test of 0.6936, 61.8% of the 2019 rise
  • Close above the falling 0.7073 21 DMA needed to undermine the bearish bias

aud3 may 9 Click here

Source:
Thomson Reuters IFR Markets

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