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AUD/USD maintains uptrend above 50-DMA – Societe Generale

AUD/USD remains supported above its 50-DMA, with positive momentum pointing to further upside toward 0.6685 and beyond. Short-term support holds near 0.6500, Societe Generale's FX analysts report.

AUD eyes next targets at 0.6685 and 0.6720

"AUD/USD reclaimed the 50-DMA in April resulting in a steady up move. Recent pullbacks have found support around this MA highlighting prevalence of upward momentum. This is also denoted by the daily MACD, which remains anchored within positive territory."

"The pair looks poised to continue its up move. The next objectives are located at 0.6685 and projections of 0.6720/0.6765. The MA at 0.6500 is a short-term support."

AUD/USD eases trims gains but remains near YTD highs above 0.6600

The Aussie is pulling back from the eight-month highs at 0.6625 hit earlier today, as the US Dollar pares some losses, but remains above 0.6600, consolidating gains after having rallied about 2% over the last five days.The trade deal between the US and Japan and hopes of an immediate agreement with
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NZD/USD: May test 0.6060 before leveling off – UOB Group

As long as New Zealand Dollar (NZD) holds above 0.6015 against US Dollar (USD), it may test 0.6060 before leveling off. In the longer run, NZD could continue to rise; the next level to watch is 0.6080, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
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