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Jun 27 - 11:00 PM
AUD/USD - Positive Setup Into Pivotal US/China Trade Talks
First appeared on eFXplus on Jun 27 - 09:25 PM
  • Touch softer after seven days of higher daily highs and lows
  • Price action suggests the market is expecting a US/China compromise
  • Bounce leaves daily momentum studies 5, 10 & 21 DMAs heading north
  • A 0.7009 break, 38.2% of the 2019 fall would target 0.7025 June top
  • Major resistance at the 0.7101 200 DMA, which has capped since March 2018
  • A breakdown in the US/China trade talks would see sup 0.6900 levels again

aud jun 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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