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Jul 31 - 01:55 AM

AUD/USD - Gives Back Some Ground After Hitting 17-Month High

By John Noonan  —  Jul 30 - 11:40 PM
  • AUD/USD was well bid most of the morning as USD weakness persisted

  • Comments from US President Trump on upcoming election weighed on USD nW1N2CF03E

  • AUD/USD traded as high as 0.7223 before settling back around 0.7200

  • Better than expected China Mfg PMI helped to underpin nL3N2F20KC

  • Trend higher still intact with key support at 10-day MA at 0.7138

  • Objective of current move is the 2019 high at 0.7295

  • Global growth concerns as coronavirus cases rise may temper gains

  • Key will be moves in metal prices over coming days For more click on FXBUZ









aud/usd Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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