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Nov 30 - 08:55 PM

AUD/USD - No Reaction To Better Than Expected Aus GDP

By John Noonan  —  Nov 30 - 07:42 PM
  • AUD/USD barely changed following better than expected Q3 GDP nAZN01VLW7

  • The backward looking GDP is unlikely going to impact RBA expectations

  • AUD/USD trading around 0.7125/30 where it was before the GDP release

  • AUD/USD had strong bounce from 0.7063 late NY despite weak Wall Street close

  • AUD vulnerable in the medium-term due to hawkish Fed and Omicron uncertainty nL4N2SL4CN

  • Resistance is at the 10-day MA at 0.7185 and bids are tipped at 0.7115

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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