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Oct 05 - 07:55 PM

AUD/USD - Opens Unchanged As Various Factors Offset Each Other

By John Noonan  —  Oct 05 - 05:58 PM
  • AUD/USD opens unchanged at 0.7290 after trading 0.7250/0.7301

  • Wall Street gains and firm commodities underpin AUD/USD on dips

  • Rise in US yields and better US data helping to cap AUD/USD rallies

  • Resistance is at 0.7315/20 where daily highs and 55-day MA converge

  • Support has formed at double-bottom at 0.7250 where bids are eyed

  • AUD/NZD in focus today, as RBNZ decides on rates and expected to hike 25 BPs

  • AUD/USD may remain in 0.7250/0.7320 range ahead of key US jobs data Friday

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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