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Dec 01 - 05:55 PM

AUD/USD - Opens Lower After Late Slide On Wall Street Weighs

By John Noonan  —  Dec 01 - 05:13 PM
  • AUD/USD opens 0.33% lower after Wall Street fell hard into the close nL1N2SM381

  • Dow was 500 points higher at one stage before Omicron case in US rattled markets nFWN2SM17K

  • There was also disappointment Fed Chair Powell didn't walk back hawkish comments from previous day nL1N2SL3MR

  • AUD/USD traded as high as 0.7172 and hit 0.7095 low late in NY

  • Resistance is at 10-day MA, 0.7184 on Wednesday - 0.7167 today

  • Key support is at the 38.2 of the 0.5510/0.8007 move at 0.7053

  • Combination of hawkish Fed and Omicron uncertainty negative for AUD nL4N2SL4CN

  • Aus trade numbers today, but key will be moves in Asian equity markets

  • For more click on FXBUZ









aud/usd Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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