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Moderately Firmer, Respecting Ranges

AUD

AUD/USD prints at $0.7105/10, ~0.1% firmer in today's trading.

  • The pair has respected tight ranges today, with liquidity impaired due to Chinese and Australian holidays.
  • The greenback was briefly in the front foot in early trade, support came in below $0.71.
  • A bid in Hong Kong Equities spilled over into a wider risk appetite seeing AUD/USD re-test yesterday's highs, however resistance was met and gains were pared to current levels.
  • Cross asset flows point to a mild risk-on tone, US and Regional Equities are firmer and BBDXY is down ~0.1%.
  • With local markets closed today, wider swings in risk appetite will be the main driver for AUD.

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