Derived Data That Drive Results
By Krishna K — Dec 16 - 08:20 PM
AUD/USD unchanged in Asia, consolidates in a 0.6335-0.6385 short-term range
Broader range of 0.6335-0.6435 likely as Fed and BOJ rate decisions loom
Elevated U.S. yields, expectations of hawkish Fed cut Wed cap rallies
Strong chart support, RBA rate divergence from most DM c.banks limit drop
US retail sales Tue, Fed rate decision Wed, BOJ Thu, PCE price index Fri key
Support 0.6335-0.6340, break opens 0.6300-05, 0.6271 , low in 2023
Resistance 0.6400-05, 0.6425-30; Asia range 0.6377-0.6387
For more click on FXBUZ
The Fed’s dot plot: Click here
Source:
London Stock Exchange Group | Thomson Reuters
