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Oct 27 - 07:55 PM

AUD/USD - Opens Lower As EUR/USD Plunge Leads USD Higher

By John Noonan  —  Oct 27 - 05:55 PM
  • AUD/USD opens -0.63% after YSD broadly gained following less hawkish ECB nL1N31S2AU

  • It is offered in Asia after big miss by Amazon after hours earnings report nL1N31S30W

  • AUD/USD may be vulnerable if equity markets slump after Amazon after hours plunge

  • Key support for the AUD/USD is at 0.6266 where the 10 & 21-day MAs converge

  • A break below 0.6265 would suggest a short-term top is in place

  • Resistance @ 38.2 of 0.7136/0.6170 move at 0.6539 validated by price action

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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