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AUD/USD crept higher Thursday, even as.......>

AUSSIE
AUSSIE: AUD/USD crept higher Thursday, even as concerns about the global
coronavirus situation continued to linger. Nonetheless, equity markets in Europe
and the U.S. generally managed to eke out some gains, which helped the rate stay
afloat and finish the day 18 pips better off.
- Market holidays in China, HK & Taiwan will continue to limit activity today.
AUD/USD last sits at $0.6890, barely changed as we type. Bullish focus falls on
Jun 16 high of $0.6977 and a break here would open psychological resistance/Jun
11 high of $0.7000/05. Bears look for a drop through Jun 22 low of $0.6805,
towards the key Jun 15 low of $0.6777.
- Australia reports private sector credit & weekly payroll jobs and wages data
next Tuesday. AiG M'fing PMI, final CBA M'fing PMI & building approvals hit on
Wednesday. Trade balance and retail sales are due Thursday and Friday
respectively. RBA's Debelle speaks on Tuesday.

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