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Dec 02 - 05:55 PM

AUD/USD - Trend Lower Continues As Hawkish Fed Trumps Risk Rally

By John Noonan  —  Dec 02 - 04:59 PM
  • AUD/USD set to open -0.20% as the USD edged higher ahead of US jobs report

  • Strong rally in risk assets failed to support AUD/USD nL1N2SN32M

  • Diverging Fed/RBA expectations weighing on AUD/USD as is market volatility nL1N2SN21K

  • AUD/USD trending lower with the 5, 10 and 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA, which will descend to around 0.7150 today

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

  • Asia likely will be quiet today ahead of the US non-farm payrolls

  • For more click on FXBUZ









aud/usd Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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