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AUDUSD has fallen afoul of the broader USD...>

AUSSIE
AUSSIE: AUDUSD has fallen afoul of the broader USD strength backing off of
session highs of 0.7758 to last trade 10 pips or so lower on the session at
0.7735. AUDJPY demand filtered through into the AUDUSD on Monday supporting the
pair, although the cross fell short of last week's highs.
- Bulls look for a close above the 200-DMA (0.7807) to pressure 0.7842-0.7916
where the falling TL off 2018 highs and 55-DMA are located. Above 0.7916 shifts
focus to 0.8135-62. While the 200-DMA caps bears remain focused on 0.7500-80 and
now look for a close below 0.7669 to add weight to their case. The Bollinger
base (0.7661) remains the key concern.
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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