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Free AccessAUD/USD last seen at $0.7110, 25 pips........>
AUSSIE: AUD/USD last seen at $0.7110, 25 pips worse off, as post-RBNZ kiwi
weakness has spilled over into the Aussie.
- The rate climbed 23 pips yesterday, with AUD finishing atop the G10 pile, on
the back of renewed risk appetite.
- RBA's Kent spoke earlier today, but offered nothing fresh re: MonPol or the
economic outlook.
- Bears look for a clean breach of the 200-HMA at $0.7103, located a handful of
pips below the post-RBNZ reaction low. Below here opens the 21-DMA at $0.7087.
Conversely, bulls look for a return above the 50-DMA and 55-DMA, situated at
$0.7125 and $0.7132 respectively, both breached earlier today.
- Australian focus falls on private sector credit data due Friday, while any
fallout from the Sino-U.S. trade talks will also provide interest.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.