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Dec 14 - 05:55 PM

AUD/USD - Opens Under Pressure Ahead Of FOMC Meeting

By John Noonan  —  Dec 14 - 05:08 PM
  • Hawkish turn in Fed expectations following hot US PPI gave USD lift nL1N2SZ0SK

  • FOMC expected to be hawkish due to rising inflation concerns nL1N2SU072

  • Hawkish Fed expectations and Omicron concerns weighed on risk assets nL1N2SZ2ER

  • AUD/USD opens under pressure after closing below 10-day MA at 0.7111

  • Support is at 61.8 of 0.6994.0.7187 move at 0.7067

  • Key resistance is at the descending 21-day MA at 0.7152

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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