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Nov 30 - 03:55 PM

AUD/USD - A Key Fibo Helps Repel The Powell Driven Fall

By Christopher Romano  —  Nov 30 - 01:44 PM
  • AUD/USD steadily climbs in Europe am, NY opens near 0.7130, rally extends

  • US$ sales, bounce in equities ESv1 help AUD/USD trade to 0.71705

  • Pair falls sharply, turns negative on comments made by Fed's Powell

  • Inflation, taper talk taken as more hawkish by investors nL1N2SL1O5

  • US rates EDM2 & US$ rally while equities fall & AUD/USD fall hard

  • AUD/USD hits 0.7063, stalls short of the 38.2% Fib of 0.5510-0,8007 rally

  • US$ weakness allows AUD/USD to rally toward 0.7115 late in the day

  • Techs lean bearish; RSIs falling, bearish outside day candle forms

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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