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Forex pairs in this Article » AUD/USD
FXstreet.com (San Francisco) - After retreating from earlier intraday highs and finding a base at 1.0175 this Tuesday in North America, AUDUSD has trekked back above the 1.0200 mark, so far extending as high as 1.0210.

AUD outperformed all day and is set to record gains against the U.S. dollar for a second day on rising iron ore, strong equities and speculation over PBoC easing. AUDUSD looks also to be poised for a retest of dynamic resistance at the 9-day EMA in the global day ahead.

The market could close below a 38.2% Fibonacci retracement level at 1.0225 at the end of trading in NY, and, from a wider perspective, price remains above the 100-week EMA (1.0113).

In Asia, volatility may be light and price action may be driven primarily by sentiment and regional bourses, as the session is thin with market-moving event releases, with only AU October Consumer Confidence survey data from Westpac scheduled for release at 23:30 GMT.
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