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Oct 10 - 12:12 AM
AUD/USD - Driven By Conflicting US/China Trade Talk Headlines
First appeared on eFXplus on Oct 09 - 09:55 PM
  • Up 0.3% - USD/CNH led as risk rebounds on fresh US/China trade optimism

  • BBG sources - US/China currency pact as part of partial trade deal

  • If true, could see planned US tariff hikes on China suspended nFWN26U0KA

  • Follows negative US/China trade talks headlinesnL2N26U1RQ - we will see

  • Charts - daily momentum studies 5, 10 & 21 DMAs slip - modest negative setup

  • 0.6710 61.8% of the October bounce a base earlier - sustained break bearish

  • Asian 0.6710/0.6757 range initial support resistance

aud2 oct 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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