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TDUX
Nov 11 - 04:55 PM
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AUD/USD - Softens As USD Strength Flavours Sentiment

By James Connell  —  Nov 11 - 04:04 PM

• AUD/USD -0.5% from Wed 0.6885 high as DXY hits 102.96 19-month high

• AUD 0.6835 support pivotal, downswing would accelerate on break below

• Deteriorating U.S. inflation outlook has Fed officials pondering higher FFR

• Futures pricing currently implies 88% chance of 25 bps Fed hike on Dec 9

• RBA Nov meeting minutes due & Governor Bullock speaking at ASIC forum Nov 17

• Overnight range 0.6844-775 support 0.6835 0.6662, resistance 0.7140 0.7282
DXY Daily 55/100/200-DMA


AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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