By Krishna K — Dec 13 - 11:40 PM
AUD/USD down 0.35% in Asia on profit-taking after blistering 2.2% Tue rally
Weighed down by caution ahead of Fed rate decision Wednesday nL1N33315J
Concerns over China's rapid 'zero-COVID' exit caps gains nL8N33408U
Downside limited on Fed slowdown bets and elevated commodity prices
Australia employment data and China monthly activity data awaited Thursday
Strong resistance at 0.6903-0.6915, 200-DMA and 50% of April-October drop
Daily close above 0.6915 accelerates rally; support 0.6800-10, 0.6740-50
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Source:
Refinitiv IFR Research/Market Commentary