Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 29 - 08:55 AM

AUD/USD - Extends Pullback With Breach Of 0.68

By Justin Mcqueen  —  Dec 29 - 08:20 AM
  • AUD continues to drift lower, trend defining 100HMA breached

  • 200HMA (0.6790) so far limiting further downside

  • While USD attempts to recover, data is needed to support

  • Chicago PMI due 14:45GMT, f/c 51 from 55.8

  • High bar for dovish surprise given 2024 Fed cuts priced in FEDWATCH

  • Bigger focus will be on next week's ISM, JOLTs and NFP

  • Resistance remains at Jun/Jul peaks (0.6895-0.69)

  • Daily close below 0.6790 would likely concern AUD bulls

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!