By Krishna K — Dec 10 - 09:50 PM
AUD/USD unchanged in Asia after trading in a narrow 0.6369-0.6382 range
Consolidation sets in after sharp drop Tue on RBA's less hawkish tone
Pair vulnerable as RBA rate bets rise; 25 bps cut in Feb at 61% from 54% Tue
1st cut fully priced for April, 2 by May as economy weakens significantly
Weak Chinese economy weighs but China stimulus pledges may cushion fall
U.S. inflation data in focus; CPI on Wed, PPI Thu, key for Fed expectations
Strong support base at 0.6340-0.6362, loss opens 0.6271
Resistance 0.6400-05, 0.6425-30
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Source:
London Stock Exchange Group | Thomson Reuters