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Nov 13 - 08:55 PM

AUD/USD - Offered Despite Hawkish Bullock, Awaits Jobs Data

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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