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Dec 02 - 08:55 PM

AUD/USD - Under Pressure As Key Support Level Looms

By John Noonan  —  Dec 02 - 08:26 PM
  • The AUD/USD is sinking in Asia and is at the session low at 0.7070

  • Support is at last week's 0.7063 low with major support at 0.7053

  • The 38.2 of entire 0.5510/0.8007 move is 0.7053 and break would be bearish

  • A break below 0.7050 would initially target the Nov 2020 low at 0.6990

  • RBA/Fed policy divergence and Omicron uncertainty weighs on AUD sentiment

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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