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Refinitiv
Dec 03 - 11:00 PM
AUD/USD - Buyers Return Around 0.6830 After Small Sell-Off
First appeared on eFXplus on Dec 03 - 09:00 PM
  • AUD/USD fell to 0.6830 from just above 0.6850 following weaker Aus GDP nAZN0UK600

  • Pair getting some support from improved Caixin China services PMInZONYWQK04

  • AUD/USD upside limited due to heightened uncertainty over US-China deal nL8N28D4ZMnL1N28D1VR

  • Weak consumption component in Aus Q3 GDP throws doubt on RBA optimism

  • AUD/USD support at 0.6815/20 where 21 & 100-day MAs converge

  • Resistance at 61.8 of 0.6929/0.6754 at 0.6862, which was Tuesday's high






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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