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AUD/USD failed to close above $0.7350 on.....>

AUSSIE
AUSSIE: AUD/USD failed to close above $0.7350 on Tuesday, as the recovery in the
DXY, driven by a stronger than exp. U.S. consumer confidence print, saw the pair
back from its intraday high ($0.7362), failing to test the 50-DMA (0.7375). The
rate last deals at $0.7344.
- Bulls need a close above the 50-DMA to open up a potential challenge of the
August high ($0.7453). Conversely, a close below Monday's low ($0.7307) would
allow bears to focus on the YTD low ($0.7203), which needs to hold to prevent a
potential downside acceleration.
- Tomorrow's AU CapEx release dominates the domestic docket this week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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