By Krishna K — Nov 20 - 08:35 PM
AUD/USD +0.2%, grinds higher in Asia as buyers step in after Wednesday drop
Bargain-hunters encouraged by ability of pair to hold support at 0.6480-85
RBA's hawkish stance supports as c.bank seen in no rush to ease
Scaling back of Fed Dec rate cut expectations likely to cap upside
Chances of Fed 25-bps cut in Dec at 54%, was 83% last week-CME Fedwatch Tool
Speeches by BOJ Governor Ueda and RBA Governor Bullock awaited Thursday
Support 0.6480-85, 0.6440-50, resistance 0.6520-25, 0.6545-50, 0.6565
Consolidation in 0.6450-0.6550 range likely; Asia range 0.6504-0.6518
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary