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TDUX
Nov 12 - 10:55 PM
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AUD/USD - Stupefied AUD/USD Stumbles Towards Technical Knockout

By James Connell  —  Nov 12 - 09:59 PM

• AUD/USD steadies Fri, but remains down 0.7% wtd with scant support nearby

• Downside open towards 0.6662 ytd low after major technical break of 0.6835

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

• Critical AU Oct jobs update due Thur (prior -39.3k jobs, 4.7% unemployment)

• U.S.-Iran war appears no closer to resolution as hostilities continue

• Hawkish Fed rhetoric firms FFR hike bets and pushes DXY to 19-month high

• Futures pricing implies Dec 9 Fed hike of at least 25 bps now priced in

• Range Asia 0.67951-0.68149 support 0.6662, resistance 0.7068 0.7140 0.7282
AUD Weekly 52-WMA


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

Source:
London Stock Exchange Group | Thomson Reuters
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