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AUD/USD last trades at $0.6862, a touch......>

AUSSIE: AUD/USD last trades at $0.6862, a touch lower on the day.
- The White House's decision to delay the next round of tariffs on China & a BBG
report suggesting that Beijing may resume buying U.S. agricultural goods
triggered two consecutive upswings in AUD/USD in yesterday's Asia-Pac trade.
Gains were mostly erased in European hours, however, as oil prices slid, while
the ECB deployed a combination of policy easing measures.
- The rate bounced from lows as the market eyed the unresolved nature of ECB
purchase limits on bonds & digested signals of severe fractures among Governing
Board members. Conflicting reports re: U.S. willingness to strike an interim
trade deal with China magnified volatility pre-WMR fix. The rate extended gains
only to dive subsequently. Modest late doors sell-off wiped out most of the
remaining gains and AUD/USD finished just a few pips higher.
- Bulls look to clear the Sep 9 high of $0.6876 before challenging $0.6895/6900,
which represent yesterday's peak/psychological resistance. Conversely, a fall
under the Sep 10 & 11 lows at $0.6849 would expose the 38.2% fibo retracement of
the Jul-Aug slide, which comes in at $0.6832.

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