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Nov 30 - 10:55 PM

AUD/USD - Moves Higher As Risk Assets Buoyant In Asia

By John Noonan  —  Nov 30 - 09:58 PM
  • AUD/USD opened -0.17% at 0.7130 and dipped to 0.7119 in early trading

  • The tone changed mid-morning when Eminis turned higher and underpinned AUD

  • It was trading around 0.7130 when Aus Q3 GDP beat expectations nAZN01VLW7

  • There wasn't any reaction to the data, but AUD/USD remained bid

  • Equity market gains accelerated mid morning with Eminis rising 0.65%

  • The AXJ index gained close to 1.0% and the Nikkei rose 0.80%

  • AUD/USD is trading at the session high just above 0.7150 into the afternoon

  • Resistance is at the 10-day MA at 0.7188 and break eases downward pressure

  • Key fibo support is at the 38.2 of the 0.5510/0.8007 move at 0.7053

  • Hawkish Fed and Omicron uncertainty likely to limit AUD/USD gains nL4N2SL4CN

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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