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Nov 28 - 07:55 PM

AUD/USD - Firm Tone As Risk Assets Steady And Correct Higher

By John Noonan  —  Nov 28 - 07:03 PM
  • AUD/USD trading around 0.7140 after trading as low as 0.7115 earlier

  • AUD/JPY up over 0.60% as risk assets steady and bounce after Friday's slide nL4N2SJ0DM

  • E-mini futures +0.55% while Brent crude is up 3.5% in early trading

  • Reports from South Africa that Omicron symptoms less severe helping to calm nL1N2SJ045

  • AUD/USD support at 2021 low at 0.7106 validated by hold and bounce

  • Resistance is at former support at 0.7170 and 10-day MA at 0.7217

  • Price action likely to remain choppy as COVID uncertainty remains a factor

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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