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AUD/USD holds key 200-DMA support – Société Générale

AUD/USD has found support near the 200-day moving average at 0.6440/0.6410, pausing its recent decline, Société Générale's FX analysts note.

AUD/USD eyes multi-month trend break

"AUD/USD has defended the 200-DMA near 0.6440/0.6410 in recent pullback; this is a key support zone. The decline has paused after this test and the pair appears to be evolving within a base."

"A brief rebound is likely however it will be interesting to see if the pair can overcome the multi-month descending trend line near 0.6630. Break beyond this hurdle is crucial for confirming a larger up move."

AUD/USD: Likely to edge higher within a higher range of 0.6490/0.6580 – UOB Group

Upward momentum is starting to build, but it is too early to determine if Australian Dollar (AUD) can reach 0.6580. In the longer run, AUD is likely to edge higher within a higher range of 0.6490/0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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USD/CHF drops as US Dollar weakens on government reopening, Fed outlook

USD/CHF trades lower on Thursday, hovering around 0.7950, down 0.30% at the time of writing. The pair extends its corrective move, pressured by broad weakness in the US Dollar (USD) as risk appetite improves following the reopening of the US federal government.
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