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Jun 02 - 08:55 AM

AUD/USD - Range Base Looks Set To Be Tested Again

By Christopher Romano  —  Jun 02 - 07:27 AM
  • AUD/USD trades in 0.7670/0.7820 range since mid-May, base of range now eyed

  • Upbeat AU GDP no help to longs, RBA's Debelle dovish on wages nS9N2MR00R

  • Copper HGv1 sinks again, USD/CNH rallies to a 4-session high near 6.3910

  • AUD/USD falls through the daily cloud top, 21- & 10-DMAs, trades 0.7715

  • Slide stalls near the 55-DMA, daily cloud base, 50% Fib of 0.7533-0.7891

  • Bearish engulfing candle, falling daily RSI highlight s-t downside risks

  • 61.8% Fib 0.7533-0.7891, May 4 & 28 lows (0.7669/75) eyed if slide extends

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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