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Apr 01 - 03:55 AM

AUD/USD - Heavy; Iron Ore Prices At Lowest In 10 Months

By Christopher Romano  —  Apr 01 - 02:50 AM
  • AUD/USD kicks off Easter Monday on firm note after higher China PMI's

  • Pair retreats on news iron ore prices tank to lowest in 10 mths - BBG

  • China's years of property crisis keep a gloomy outlook on construction

  • AUD/USD traded 0.6508-38 range so far, last at 0.6520-25

  • Strong resistance at 0.6546, where the 50 and 200dma coincide

  • Below 0.6500 risks test at supports at 0.6480, followed by 0.6440 Feb low

  • Awaits the RBA meeting minutes due tomorrow

  • Related nL2N3G900X

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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