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Aug 22 - 01:55 AM

AUD/USD - Bid In Asia On AUD/JPY Buying And Firm Metals

By John Noonan  —  Aug 21 - 11:55 PM
  • AUD/USD opened 0.6875 after falling 0.56% Friday when USD broadly firmed nL1N2ZY023

  • After trading 0.6869 it attained a bid tone when Tokyo bought AUD/JPY

  • The AUD/JPY rose over 0.50% and AUD/USD traded to 0.6906

  • Dalian iron ore was up over 2.0% and Lon Copper gained 0.45%

  • Sellers above 0.6900 absorbed the flows and it is 0.6895/0.6900 late morning

  • Resistance is at Friday's 0.6919 high and the 21-day MA at 0.6979

  • Support is at the 61.8 of the 0.6682/0.7136 move at 0.6855

  • A break below 0.6850 would open the way to the trend low at 0.6682

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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