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Dec 08 - 05:00 PM
AUD/USD - Consolidation To Persist As Eventful Week Unfolds
First appeared on eFXplus on Dec 08 - 03:20 PM
  • AUD/USD to consolidate in 0.6810-60 range ahead of week's key risk events

  • Upside capped by strong U.S. data Fri that supports Fed pausing rate cuts

  • Downside protected by increased trade optimism; Dec 15 tariff deadline looms

  • Wednesday FOMC, Thursday ECB and U.K. election Thursday key risk events

  • China Nov exports fall, import growth hints of recovering demandnL4N28I04E

  • Resistance 0.6863, 0.6890-0.6900; support 0.6820, 0.6805-10


Source:
Refinitiv IFR Research/Market Commentary

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