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Jan 06 - 03:55 PM

AUD/USD - Longs Play Defense Ahead Of Key U.S. Data

By Christopher Romano  —  Jan 06 - 01:40 PM
  • AUD/USD dropped to 0.7146 in Europe's am, NY opened near 0.7175

  • Pair maintains most of the overnight losses, trades 0.71795-0.7150

  • Balance risks help to keep AUD/USD in the range and below the 21-DMA

  • USD/CNH rally above 6.3950 & rise in US interest rates add weight

  • Iron-ore gains, copper bounce off the session low help limit the downside

  • Investors await US jobs, wages data & potential effect on US rates, US$

  • Above estimate data could drive the Fed to lean more hawkish

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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