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Dec 06 - 09:55 PM

AUD/USD - Muted Reaction To Slight Miss On Q3 Aus GDP

By John Noonan  —  Dec 06 - 07:45 PM
  • Aus Q3 GDP came in slightly softer than expected, but no reaction in AUD/USD nAZN0TEQLT

  • AUD/USD trading around 0.6695 after closing US session at 0.6688

  • AUD/USD getting some light support from AUD/NZD demand in early Asia

  • AUD/USD trading around 21-day MA and a close below would signal end of trend higher

  • Resistance is at the 10-day MA at 0.6734 and Tuesday's 0.6744 high

  • It may struggle due to hawkish Fed expectations and global growth concerns

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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