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Mar 01 - 01:55 PM

AUD/USD - Bounces Off Session Lows After Soft ISM Data Sinks UST Yields

By Paul Spirgel  —  Mar 01 - 12:35 PM
  • AUD$ firm in NorAm afternoon +0.54% at 0.6532; Friday Range 0.6535-0.6488

  • Support sub-0.65 holds for 3rd straight session after AU CPI slip Wednesday

  • Pair rallied off session lows after U.S. ISM data missed sinking U.S. yields

  • Despite rise, Fed rate cut odds steady, 80% odds for June cut; -82bp by Dec

  • AUD$ trades slight 0.6567-0.6487 range in week underscores mkt indecision

  • Res 0.6535 Friday high, 200/100-DMA at 0.6562, upper 30-d Bolli 0.6613

  • 100-DMA rising above 200-DMA hints at potential bid, after failures sub-0.65

  • Supt 0.6487 Fed 28 low, 0.6467 lower 30-d Bolli, 0.6443 2024 low Feb 13

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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