By Krishna K — Dec 04 - 08:00 PM
AUD/USD offered in Asia as traders boost bets on RBA April rate reduction
25 bps RBA rate cut fully priced in now for April from May earlier
Odds of February cut at 51% from 27% before GDP disappointment on Wednesday
Downside limited as U.S. yields decline as Fed Dec rate cut odds rise
Focus moves to US NFP Friday and RBA rate decision Tuesday
Australia goods trade surplus widens to A$5.95 bln in Oct as exports rise
Strong support at 0.6400-05, clear break opens 0.6348-62
Resistance 0.6440-45, 0.6475-80; Asia range 0.6422-0.6434
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Source:
London Stock Exchange Group | Thomson Reuters