By Krishna K — Nov 13 - 07:25 PM
AUD/USD trades with an offered tone after closing 0.7% lower Tuesday
Undermined by elevated US yields, broadly higher USD, lower commodities
Progress lowering US CPI stalling; Fed officials wary of inflation risks
Australia employment data Thu, forecast +25k jobs, unemployment rate 4.1%
Pair working through key 76.4% Fibo support of Aug-Sep rally at 0.6489
RBA's Bullock says policy will stay restrictive until confident on inflation
Clear break opens 0.6465-70, 0.6440, 0.6410; major support 0.63485-0.63625
Resistances 0.6515-20, 0.6545-50; Asia range 0.6487-0.64995
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Source:
Refinitiv IFR Research/Market Commentary