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Thomson Reuters
Dec 04 - 08:36 AM
AUD/USD - Is Primed For Take-Off And GDP May Light Fuse
First appeared on eFXplus on Dec 04 - 05:15 AM
  • AUD/USD boosted by G20 truce and sharp drop U.S. yields nL1N1Y905K
  • Pair +1.5% since G20 and solid GDP is expected tomorrow nL1N1Y808K
  • AUD/USD 200-DMA 0.7415 and 38.2% 2018 drop is 0.7447
  • Traders sitting substantially short into the event
  • High risk of a deeper flush of short positions towards 0.7450-7500
  • NZD/USD assumes leading role +1.8%, poised for simultaneous break 0.7000

AUDUSD daily chart Click here

dollar positions Click here

Source:
Thomson Reuters IFR Markets

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