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Mar 24 - 09:48 PM

AUD/USD - Gives Back Early Gains On Likely US Deal Delay

By John Noonan  —  Mar 24 - 08:40 PM
  • AUD/USD topped out at 0.5990 and back to 0.5950 to erase early gain

  • S&P futures now down 1.0% after up 1.0% earlier

  • Reports suggesting US aid deal may be delayed until tomorrow weighs nL1N2BH0HC

  • Early Asia may have went long AUD/USD on expectations of deal getting done

  • AUD/USD sellers ahead of 0.6000 have capped last few runs higher

  • Pair back below 10-day MA at 0.5960 with hourly support down at 0.5865






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Source:
Refinitiv IFR Research/Market Commentary

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