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Thomson Reuters
May 06 - 08:36 PM
AUD/USD - Trump Effect Fades A Bit In NY Trade
First appeared on eFXplus on May 06 - 01:55 PM
  • Early AUD/USD weakness in NY hours as US$ trades firm but the bid fades
  • Early losses in stocks & commodities erode a bit, US interest rates slide
  • Dip towards 0.6980 gets bought, AUD/USD steadily lifts, near 0.7000 late
  • Techs are mixed, RSIs are falling but daily bull hammer candle forms
  • RBA meeting RBAWATCH & trade tensions are key risks for investors
  • Despite heightened risks AUD/USD's downside might be limited

chart: Click here

Source:
Thomson Reuters IFR Markets

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