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Thomson Reuters
Mar 03 - 08:36 PM
AUD/USD - Poised To Move Higher On Risk On Mood In Asia
First appeared on eFXplus on Mar 03 - 06:30 PM
  • Reports saying US may remove all tariffs on China firing up risk appetite
  • S&P futures up nearly 0.50% in early trading and should keep AUD underpinned
  • Market has been pricing in some form of a deal between US & China for weeks
  • Reports from Bloomberg & WSJ indicate it will be at high end of expectations
  • AUD/USD sellers at 0.7120/25 with Friday's high at 0.7121
  • Resistance around 0.7130 where 10 and 21-day moving averages converge

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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