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Aug 14 - 01:55 PM

AUD/USD - Employment-Related Rally Capped Ahead Of Tuesday's 0.7190 High

By Paul Spirgel  —  Aug 14 - 01:15 PM
  • AUD/USD bid into week's end +0.32% at 0.7175, Fri range 0.7175-32

  • Dollar slipped after US ret sales miss, adding to US econ uncertainties

  • Further COVID recovery hopes wane as congress takes recess nL1N2FG0OM

  • AUD offered above 0.7200, firm res by 0.7242 Aug 5-7 triple top

  • Supt 21DMA (0.7142), 0.7077 Aug 3 low, bears in control sub-50% Fib 0.7010

  • Large USD short may be running out of steam, AUD IMM long at 5-mos high

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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