By Krishna K — Dec 19 - 04:45 PM
AUD/USD Opens 0.3% higher after trading in a 0.6199-0.6265 range on Thursday
Snaps back from 2-yr low hit in Asia as 2.2% drop since Wed seen as overdone
Upside limited as elevated U.S. yields and broad USD strength cap rallies
Robust US growth, weak Chinese economy, lower commodities will weigh on AUD
Copper at 5-wk low, iron ore nears 1-mth low on China concerns, Fed outlook
China loan prime rate fixing and US November PCE are event/data risks Friday
Support 0.6200-05, 0.6170, 2022 low, resistance 0.6270-75, 0.6300-05
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Source:
London Stock Exchange Group | Thomson Reuters