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Sep 05 - 08:36 PM
AUD/USD - Risk Rally Supports While Higher US Yields Cap
First appeared on eFXplus on Sep 05 - 06:25 PM
  • AUD/USD unable to build on gains make in Asia on Thursday
  • Rally in risk assets continue to underpin AUD/USD above 0.6800
  • Rising US Treasury yields helping to cap gains at key 0.6825/35 resistance
  • The 38.2 of the 0.7082/0.6677 move comes in at 0.6832
  • Break above 0.6835 targets 0.6875/80 where 55-day MA & 50% of move converge
  • Support at yesterday's 0.6794 low and break would ease upward momentum

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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