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Derived real-time data in partnership with:
Thomson Reuters
May 27 - 02:36 AM
AUD/USD - Idles With Bid Tone In Quiet Asia
First appeared on eFXplus on May 26 - 11:50 PM
  • AUD/USD had a jumpy start early Asia before consolidating around 0.6930
  • It popped up to 0.6941 before easing back to 0.6920 in the first hour
  • AUD/USD supported by high iron ore price & bearish turn in Fed expectations
  • Rallies likely to be limited ahead of expected RBA rate cut next week
  • Resistance at 21-day MA at 0.6958 and 38.2 of 0.7206/0.6865 at 0.6995
  • Support at the 10-day MA at 0.6907 and multiple daily lows at 0.6865/70

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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