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Instrument: AUDUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 0.73132 with take profit at 0.73267.
Bearish Preference:
A Sell position is envisaged if price trades below 0.72876 with take profit at 0.72748
Fundamentals:
4:00pm USD JOLTS Job Openings
Comment:
The U.S. dollar edged lower Wednesday, while the Kiwi saw some support ahead of this week’s emergency EU summit as well as the latest European Central Bank policy-setting meeting. AUD/USD climbed 0.4% to 0.7294, helped by Reserve Bank of Australia Governor Philip Lowe stating that an interest rate hike this year is “plausible.”
Analysis: SCRUM Team
