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Dec 02 - 03:55 PM

AUD/USD - Ending NorAm Near Session Lows Amid Heightened Omicron Anxiety

By Paul Spirgel  —  Dec 02 - 01:49 PM
  • AUD/USD slips 0.3% to 0.7087 as NorAm closes; NY range 0.7115-0.7084

  • Early NorAm bid evaporates as S.Africa warns on Omicron nL8N2SN5RI

  • Virus may sap RBA from shifting to more hawkish rate view on Dec 7

  • AUD/$ steady above 2021 low, bulls need help from RBA on Dec 7 nL1N2SN1RD

  • Resistance at falling 10-DMA by 0.7168, 200-WMA at 0.7191

  • AUD/$ supt at Thurs low 0.7084, Nov 30 low 0.7063 & lwr 30-d Bolli at 0.7050

  • Below 0.7050 a series of 2020 lows from 0.6990 to May 2020 low at 0.6373 attracts

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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