AUD/USD climbs towards 0.6950, on soft US data, ahead of Aussie CPI and FOMC meeting – by christianborjon AUDUSD Majors RBA Fed Technical Analysis
The AUD/USD is trading at 0.6959 after opening near the 0.6920 area. During the Asian session, the major tumbled to the daily low of 0.6878, but buying pressure overcame sellers and lifted the pair to the daily high around 0.6965, also shy of the confluence of the R1 pivot point and the 50-day EMA.Earlier in the New York session, the Chicago Fed revealed its National Activity Index for June, which tumbled to -0.19 MoM, unchanged from the May reading.
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