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TDUX
Nov 12 - 04:55 PM
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AUD/USD - Breaks Key Support, Sets Sail For 2026 Lows

By James Connell  —  Nov 12 - 03:50 PM

• AUD/USD trades below 0.6800 for 1st-time since Jan as DXY extends surge

• Trump tells Vance to abandon Iran deal efforts as hostilities continue

• Brent crude up 3.6%, Gold touches $3,852 per oz 12-month low

• AUD break below crucial 0.6835 support confirms significant downtrend

• Pair now targets 0.6660 support zone, looks likely to end year on lows

• RBA Nov meeting minutes due & Governor Bullock speaking at ASIC forum Tue

• AU Oct jobs update (Nov 19) crucial, prior -39.3k jobs, 4.7% unemployment

• Overnight range 0.6798-0.6837 support 0.6662, resistance 0.7068 0.7140
Gold Daily 21-DMA


DXY Daily 55/100/200-DMA


AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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