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Dec 01 - 10:55 PM

AUD/USD - Maintains Bid Tone After Better Aus GDP

By John Noonan  —  Dec 01 - 10:05 PM
  • AUD/USD opened 0.37% higher after USD broadly weakened and risk assets rose nL1N2IH2DInL1N2IH2XE

  • It got a lift when Aus Q3 GDP came in better than expected and traded 0.7389 nAZN0UUA00

  • Heading into the afternoon the AUD/USD was trading around 0.7380

  • Resistance is at the double-top at 0.7405/15 where sellers are tipped

  • Support is at the 10-day MA at 0.7343 and break would ease upward pressure

  • AUD underperforming against USD and JPY due to Australia/China tensions nL4N2IH4OU

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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