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Aug 10 - 10:55 PM

AUD/USD - Orders On Both Sides Likely To Contain Ahead Of US CPI

By John Noonan  —  Aug 10 - 09:03 PM
  • AUD/USD easing slightly early Asia after AUD outperformed on Tuesday

  • Talk of decent buyers below 0.7320 and sell orders above 0.7360

  • Range trading likely ahead of key US CPI later today

  • Rising US yields likely to limit AUD/USD rallies

  • Resistance is at the 10-day MA at 0.7365 and 21-day MA at 0.7374

  • Support formed at 0.7315/20 and July 21 trend low at 0.7289

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Source:
Refinitiv IFR Research/Market Commentary

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