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AUD/USD closes in on April, May highs as buyers seek US CPI approval for a break

AUD/USD closes in on April, May highs as buyers seek US CPI approval for a break
This carries over from yesterday's post here and all the points made then are still very much in play in trading today. The pair is still looking poised to take a run at the April and May highs, with the daily resistance region around 0.6793-00 one to watch.The May high comes in at 0.6818 so that will mark the "official" breaking point. However, regardless of what the technicals might suggest, it will come down to what the US CPI data first has to say and then the Fed tomorrow. As mentioned in t... Read More
Posted: Jun 13 2023, 09:18
Author Name: forexlive
Views: 102550

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