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AUD/USD faded overnight as participants......>

AUSSIE
AUSSIE: AUD/USD faded overnight as participants shied away from the Antipodeans
ahead of the imminent FOMC monetary policy decision. Whereas fresh data and
headlines were few and far between, investors seemed wary, with some major risk
events coming up and Middle Eastern geopolitical tensions still unresolved.
Commodity-tied FX space was also damaged by depressed oil prices, which
yesterday unwinded their post-weekend spike.
- AUD/USD last seen at $0.6847, 19 pips worse off on the day. Bears look for
consolidation below $0.6848, the 50-DMA. The next layer of support is defined at
the $0.6830-32 region, which hosts the 38.2% Fibonacci retracement of the Jul
19-Aug 7 fall, the low of Sep 17 and the high of Sep 5. Meanwhile, a return
above the aforesaid 50-DMA and the Sep 10/11 lows at $0.6849 would return
bullish focus to the Sep 10/17 highs, situated at $0.6870.
- Domestic labour market data headlines the local docket tomorrow.

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