By Krishna K — Dec 15 - 03:55 PM
AUD/USD likely to stay under pressure as U.S. yields continue to climb
Fed almost certain to cut rates by 25 bps Wed but likely to signal pause
Hawkish cut expected as U.S. inflation stays sticky and economy robust
RBA Feb rate cut probability drops to 51% from 68% Thu but still in play
Weak Chinese economy and policy disappointments weigh on CNY, undermine AUD
Support 0.6335-=0.6340, break opens 0.6300-05, 0.6271 , low in 2023
Resistance 0.6400-05, 0.6425-30; Friday range 0.6352-0.6383
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Source:
London Stock Exchange Group | Thomson Reuters