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Dec 05 - 10:55 PM

AUD/USD - Downside Pressure Persists; S.Korea News Hits Risk

By Krishna K  —  Dec 05 - 09:45 PM
  • AUD/USD -0.4% as weakness returns on South Korea news & risk aversion hits

  • Slides to a low of 0.6420 after opening at 0.6455 in Asia

  • Undermined by reports of another martial law declaration in South Korea

  • Scaled up RBA rate cut expectations continue to weigh; cenbank meets Mon-Tue

  • U.S. jobs report Friday, Trump NBC interview Sunday also loom as risk events

  • Strong support at 0.6400-05, clear break opens 0.6348-62

  • Resistance 0.6450-55, 0.6470-75, 0.6500-05; Asia range 0.6420-0.6455

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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