By Krishna K — Dec 04 - 10:15 PM
AUD/USD unchanged in Asia after trading in a narrow 0.6422-0.6437 range
Early selling pressure abates as AXJ currencies rise, U.S. yields stay soft
Upside limited on scaled up RBA rate cut expectations after weak GDP on Wed
25 bps RBA rate cut fully priced in now for April; Odds of Feb cut at 51%
Downside limited as Fed Dec rate cut odds rise and U.S. yields decline
Strong support at 0.6400-05, clear break opens 0.6348-62
Resistance 0.6440-45, 0.6475-80; Asia range 0.6422-0.6434
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Source:
London Stock Exchange Group | Thomson Reuters