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Dec 01 - 10:55 PM

AUD/USD - Settles A Bit Lower In Quiet Session Ahead Of US Jobs

By John Noonan  —  Dec 01 - 10:10 PM
  • AUD/USD opened +0.35% at 0.6812 after US yields fell and weighed on USD nL1N32R28E

  • Asia was a bit cautious with E-minis easing 0.30% and AXJ index -0.50%

  • AUD/USD fell to 0.6795 before settling around 0.6800 in quiet trading

  • Market awaiting US non-farm payrolls - which should provoke some action

  • Hourly support is at the NY pullback low at 0.6782

  • More support at the 10-day MA at 0.6726 and break would ease upward pressure

  • Sellers are tipped ahead of 0.6850 with key resistance at 0.6915/25

  • The 50% of the 2022 high-low is at 0.6915 and the 200-day MA is at 0.6924

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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