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TDUX
Nov 08 - 09:55 PM
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AUD/USD - Firms, But More Downside Tests In Pipeline

By James Connell  —  Nov 08 - 07:55 PM

• AUD/USD +0.4% in Asia, activity subdued with SG closed for holiday

• RBA's Hunter says AI yet to deliver productivity boost or cause job losses

• AUD targeting 0.6835 level after nullifying 0.6865 support zone

• Downside separation from 0.6970 52-WMA suggests downtrend now establishing

• Fed officials Williams, Musalem, and Daly all flag incoming FFR hikes

• Futures pricing now implies 78.2% probability of Fed rate hike on Dec 9

• Range Asia 0.68561-80 support 0.6835 0.6662, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


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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