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Nov 28 - 05:55 PM

AUD/USD - Pops Higher In Early Trading On Reports Omicron Symptoms "mild"

By John Noonan  —  Nov 28 - 04:09 PM
  • AUD/USD hs traded up to 0.7149 led by a 0.60% jump in AUD/JPY

  • Reports from South Africa that Omicron symptoms have so far been mild nL1N2SJ045

  • AUD/JPY plunged 2.50% Friday, as the new variant sent risk assets plummeting

  • AUD/USD traded as low as 0.7112 - just above year's low at 0.7106

  • A break below 0.7100 targets the Nov 2020 low at 0.6990

  • Resistance @ the 10-day MA at 0.7217 and break would ease downward pressure

  • Omicron uncertainty will likely result in volatile moves this week

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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