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Derived real-time data in partnership with:
Thomson Reuters
Mar 07 - 12:12 AM
AUD/USD - Short Covering Continues Into The Afternoon
First appeared on eFXplus on Mar 06 - 10:10 PM
  • AUD/USD creeping higher since hitting 0.7020 low after weaker retail sales
  • Talk of solid buying interest ahead of 0.7000 discouraging attempts lower
  • Weaker Retail Sales partially offset by strong Aus exports and trade surplus
  • Hourly resistance at 0.7065, which capped pullback after Wednesday's GDP
  • Break of 0.7070 eases downward pressure & targets resistance around 0.7105
  • The 10-day MA comes in at 0.7104 and 21-day MA comes in at 0.7108

aud/usd Click here

aud/usd 2 Click here

Source:
Thomson Reuters IFR Markets

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