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Feb 08 - 05:55 PM

AUD/USD - Recovery Fades As Fed Officials Talk Higher Rates

By Krishna K  —  Feb 08 - 05:30 PM
  • AUD/USD traders with a slightly offered tone after falling 0.5% Wednesday

  • Recovery falters near 0.7000-10 resistance as Fed officials talk up rates

  • Fed officials on board with more modest pace of interest rate hikes

  • Tuesday U.S. CPI now key for direction, range trading likely till then

  • Hawkish RBA limits downside, SOMP Friday awaited; trade 0.6850-0.7000 range

  • Resistance 0.6950-55, 0.6990-0.7000, support 0.6900-10, 0.6880-85, 0.6850-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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