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Nov 28 - 07:55 PM

AUD/USD - Bid On Dips As RBA's Bullock Cautious On Rate Cuts

By Krishna K  —  Nov 28 - 05:50 PM
  • AUD/USD likely to remain bid on dips as RBA continues to stay hawkish

  • RBA Governor Bullock says needs to be sure on inflation before cutting rates

  • Feb RBA 25bps cut chances at 20% from 27% before release of CPI Wednesday

  • Hot jobs market keeps rate cuts out of reach; 1st cut not priced in till May

  • Global trade and tariff concerns continue to weigh on sentiment, cap rallies

  • Thursday range 0.6477-0.6509; trading activity muted due to U.S. holiday

  • Support 0.6470-75, 0.6430-35, resistance 0.6505-10, 0.6525-30, 0.6550

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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