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Jun 22 - 07:55 PM

AUD/USD - Opens Around 200-Day MA As Risk Assets Buoyant

By John Noonan  —  Jun 22 - 06:42 PM
  • AUD/USD opens 0.17% higher after Wall Street gains and weaker USD underpinned nL2N2O42FGnL2N2O42SL

  • It is testing 200-day MA at 0.7556 and clear break eases downward pressure

  • AUD/USD trending lower still - with 5, 10 & 21-day MAs in bearish alignment

  • A break above the 10-day MA at 0.7615 would suggest the trend lacks momentum

  • AUD/USD likely to be capped by sinking iron ore and dovish RBA bias

  • AUD/USD support is at the double-bottom at 0.7478 with buers ahead of 0.7500

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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