By John Noonan — Dec 07 - 10:35 PM
AUD/USD opened +0.57% at 0.6726 after falling US yields underpinned nL1N32X2B5
It came under pressure when early Asian markets fell and E-minis eased 0.45%
AUD/USD fell to 0.6698 before the mood in Asia lifted
The AXJ index moved 0.75% higher while E-minis were only 0.15% lower
AUD/USD recovered to 0.6715 heading into the afternoon session
Resistance is at 0.6732 and break increases upward pressure
Support is at the 38.2 fibo of the 0.6170/0.7851 move at 0.6590
Global growth fears will likely cap AUD/USD rallies in the short-term
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Source:
Refinitiv IFR Research/Market Commentary