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Oct 08 - 09:55 PM

AUD/USD - Gradually Filling Early Gap As Markets Settle

By John Noonan  —  Oct 08 - 08:30 PM
  • AUD/USD back to 0.6370 after trading down to 0.6345 earlier

  • Move lower was due to safe-haven flows following Hamas attack on Israel nL1N3BD02K

  • If Middle East turmoil spreads and escalates, investors will remain jumpy

  • If the turmoil is contained, the market will likely shift focus and move on

  • AUD/USD testing 10-day MA @ 0.6372 with key resistance at 21-day MA @ 0.6404

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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