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TDUX
Nov 11 - 09:55 PM
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AUD/USD - Nears Critical Support As Nvidia Woe Infects Market

By James Connell  —  Nov 11 - 07:59 PM

• AUD/USD -0.1% in Asia Thur as scrutiny of Nvidia CEO Huang intensifies

• AUD 0.6835 support pivotal, downswing would accelerate on break below

• Nvidia in crisis as board considers ousting Huang, stock -8.6% after hours

• Nasdaq futures down 1%, broader risk sentiment under pressure

• Sticky U.S. inflation has Fed officials considering accelerated tightening

• Futures pricing currently implies 88.7% chance of 25 bps Fed hike on Dec 9

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

• Range Asia 0.6836-54 support 0.6835 0.6662, resistance 0.7140 0.7282
AUD Daily 21/55/100/200-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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