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Jul 29 - 01:55 AM

AUD/USD - Recovers From Early Dip As CNH And SSEC Move Higher

By John Noonan  —  Jul 28 - 11:45 PM
  • AUD/USD opened +0.18% after rallying in wake of FOMC nL1N2P41Q9

  • AUD/JPY selling in early Asia pushed the AUD/USD down to 0.7360

  • Once the AUD/JPY flows ceased, the AUD/USD rallied into the afternoon

  • A fall in the USD/CNH and a 1.6% gain on the Shanghai Comp gave support

  • AUD/USD rebounded to 0.7380 heading into the afternoon session

  • AUD/USD sellers tipped at 0.7400 with resistance at 21-day MA at 0.7425

  • A break above 0.7425 would confirm the short-term trend lower is over

  • Bids are eyed at 0.7360 and support is at yesterday's 0.7317 low

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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