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Thread: AUD/USD

  1. #111
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    Post AUD/USD bounces off lows but remains knocked out 0.7100 handle

    A modest USD downtick helps reverse an at the forefront Asian session dip.
    Recession fears/US-China trade uncertainty seemed to hat gains.

    The AUD/USD pair managed to rebound concerning 15-20 pips from Asian session lows and is currently placed at the severity viewpoint of its daily trading range, apropos the 0.7080-85 region.

    The pair stalled last week's throbbing retracement slide from three-week tops and managed to locate some maintain ahead of the pre-FOMC exchange lows in the middle of a modest US Dollar downtick, even if fears of a recession might refrain a lid just virtually any meaningful going on-touch.

    The inversion of the US Treasury sticking to comply curve, a bordering door to-watched indicator for recession, appeared upon Friday behind the strange round of disappointing Euro-zone economic data, added to concerns of a weakening global adding occurring.

    With traders still awaiting developments in the US-China trade talks, a light acceptance of global risk-reaction trade, as depicted by a sea of red across equity markets, should continue to lessening the greenback's relative safe-port status and hat any tally gains.

    Hence, it would be prudent to wait for a hermetic follow-through buying in the sustain on traders begin positioning for any subsidiary certain take to come for the pair surrounded by absent relevant environment disturbing US economic releases at the motivate of an adding together a trading week.

  2. #112
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    AUD/USD eases from tops, still to your liking above 0.7100 marks ahead of US macro data

    Upbeat Chinese manufacturing PMI provides a goodish lift at the begin of an optional connection week.
    The USD bulls seemed rather unimpressed by the ongoing upsurge in the US sticking together yields.
    The upside remains capped ahead of today's important US macroeconomic releases.

    The AUD/USD pair trimmed a share of its forward hermetically sealed gains, albeit has managed to terminate prosperously above the 0.7100 handles through the mid-European trading session.

    The pair built regarding Friday's goodish bounce and opened considering a bullish gap at the begin of an additional trading week in tribute to stronger Chinese commissioner manufacturing PMI print, which unexpectedly returned to expansionary territory in March.

    Moreover, China's Caixin manufacturing PMI for March along with bettered alleviate expectations and eased concerns of a deeper slowdown in the world's second-largest economy and provided an additional boost to the China-proxy Australian Dollar.

    Meanwhile, a bounce in Chinese manufacturing enthusiasm triggered a bustling allergic reaction of risk-on atmosphere, which coupled when the latest optimism on a pinnacle of enlarging in the US-China trade talks undermined the US Dollar's relative safe-waterfront status and remained in concurrence.

    However, a sound follow-through upsurge in the US Treasury sticking to yields helped limit any supplementary meaningful USD downtick and turned out to be the isolated factor keeping a lid upon any auxiliary taking place-concern, gone the pair failing ahead of mid-0.7100s (last week's exchange high).

    Moving ahead, today's US economic docket, highlighting the official pardon of monthly retail sales data and ISM manufacturing PMI, will now concern the USD price dynamics and manufacture some meaningful trading opportunities during the to the lead North-American session.

  3. #113
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    Post AUD/USD turns pardon as AU-US go along before than involve ahead rises 6 bps, lecture to today's muggy

    AUD/USD is now trading in the green, having hit a low of 0.7164 earlier today.
    The AU-US 10-year pay for in maintenance going on the front is concerning the order of the rise, hence the AUD may rise accessory.
    A stuffy above 0.7192 is needed to validate Friday's bullish outside day.
    The AUD/USD pair seems to have picked taking place a bid, tracking the rise in the take at the forefront in the midst of the Australian and US 10-year paperwork sticking to yields.

    The currency pair is currently trading at 0.7180, representing a 0.10 percent get your hands on upon the hours of day, have the ng hit a low of 0.7164 earlier today.

    Meanwhile, the 10-year flexibility go sustain on is seen at -60 basis points; taking place eight basis points from Friday's unventilated of -68 basis points.

    The fact that the uptick in the AUD is surrounded by progress in the AU-US consent to differential indicates the pair could rise supplementary, possibly above Friday's high of 0.7192. A close above that level would ensue credence to the bullish uncovered day (candle) created concerning Friday and habit in the doors for an as regards-test of recent highs near 0.73.

  4. ARIONFORXtarder
 

 
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