By John Noonan — Dec 06 - 05:30 PM
AUD/USD opens -0.16% after USD gained as recession fears hit risk assets nL1N32W2KF] nL1N32W2LQ
It closed at the ascending 21-day MA at 0.6688 - which rises to 0.6697 today
A close below the 21-day MA would signal end of short-term trend higher
The next support is at the 38.2 of the 0.6170/0.6851 move at 0.6590
Resistance is at the double-top around 0.6850 where sellers are tipped
Aus GDP today with expectations for +0.7% Q/Q - unlikely to be a market mover
AUD/USD looking vulnerable in short-term as recession talk weighs
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary