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Aug 12 - 01:55 PM

AUD/USD - Boosted Off NorAm Low After US CPI Highlights Employment Risks

By Paul Spirgel  —  Aug 12 - 01:20 PM
  • AUD/USD firm into close +0.41% at 0.7174; Wed range 0.7176-09

  • Pair rallied off weak data-related Asia low 0.7109, on renewed USD weakness

  • US CPI beat, market eyes weak employment, low U.S. rates nL1N2FE0MV

  • Aussie regains 10-DMA relieves bearish view, bulls need close abv 0.7190

  • Triple top 0.7240 caps, further res 0.7289 the 55-MMA, 0.7394 Dec '18 high

  • Supt 0.7075 the 30-DMA and 0.7010, the 50% Fib of 0.6777-0.7242

  • Bears in control below the 50% Fib with 100/200-DMA by 0.6700 in focus

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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