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Apr 04 - 07:55 PM

AUD/USD - Opens Higher As Investors Put Russian Sanction Trade Back On

By John Noonan  —  Apr 04 - 06:10 PM
  • AUD/USD was swept 0.61% higher as investors unloaded EUR/AUD

  • EUR/USD slid 1.2% as EU considering tighter sanctions on Russian energy nL5N2W21XZ

  • EUR/AUD collapsed over 7.0% at start of Russia-Ukraine conflict

  • AUD/USD tested resistance at Oct trend high at 0.7555 and printed 0.7556

  • A clear break above 0.7555 targets the 61.8 of 0.8007/0.6967 at 0.7609

  • RBA decision key event for today with no change expected

  • If RBA statement indicates a hawkish pivot, AUD/USD will head for 0.7600

  • If RBA continues to stress "patience" AUD/USD may retreat to 0.7500 nL3N2W202X

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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