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Thomson Reuters
Jul 06 - 12:12 AM
AUD/USD - 0.7327 Is Pivotal Support If Trade Wars Flame
First appeared on eFXplus on Jul 05 - 10:00 PM
  • Flat, as Asia awaits the next round of China/US trade conflict news
  • Due at 2.01pm Sydney time & could herald a major escalation nL4N1U11GF
  • There are plenty of uncertainties, but a significant trade war would hit AUD
  • Positive momentum studies, 5, 11 & 20 DMAs edge lower - conflicting signals
  • Choppy consolidation above 0.7327, 61.8% 2016/2018, rise since mid June
  • Close below would target 0.7135, 76.4% & 2016/17 range support

aud jul 6 Click here

Source:
Thomson Reuters IFR Markets

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