By John Noonan — Nov 30 - 05:30 PM
AUD/USD opens 0.53% lower after completing a bearish outside day
USD broadly higher on month-end flows and equity market weakness
AUD worst performing major currency despite gains in copper and iron ore
Heightening tensions between China and Australia weighing on AUD nL1N2IG04WnL1N2IF0JV
Double-top formed at 0.7405/15 should be strong resistance in the short-term
Support is at the 38.2 of 0.7221/0.7408 move @ 0.7336 and 10-day MA @ 0.7330
RBA decision today, but should be a non-event with no-change expected nL1N2IG043
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Source:
Refinitiv IFR Research/Market Commentary