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Nov 28 - 07:24 AM
AUD/USD - Close To Six-Week Low Amid China-U.S. Tensions
First appeared on eFXplus on Nov 28 - 05:35 AM
  • AUD/USD remains close to 0.6759 amid China-U.S. tensions over Hong Kong

  • See: nL4N288089. 0.6759 was the six-week low in Asia nL1N2871QP

  • 0.6768 (double-day low, Monday and Tuesday) is now a resistance level

  • Obstacles beyond include 0.6779 (Asia high) and 0.6796 (Tuesday's high)

  • AUD/USD held sub-0.68 Wednesday after Westpac's 2020 RBA tips nL1N28707P

  • RBA is expected to keep its cash rate at 0.75% next week (Dec 3)

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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