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Dec 05 - 05:55 PM

AUD/USD - Ekes Out Gains As USD Weakens Broadly

By Krishna K  —  Dec 05 - 04:50 PM
  • AUD/USD opens 0.35% higher as USD slips across the board ahead of US NFP Fri

  • Boosted by higher-than-expected US jobless claims which rise to 1-month high

  • Supported by higher offshore yuan and stable AXJ currencies

  • Upside limited on scaled up RBA rate cut expectations after weak GDP on Wed

  • 25 bps RBA rate cut fully priced in now for April; Odds of Feb cut at 51%

  • Support 0.6425-30, stronger at 0.6400-05, clear break opens 0.6348-62

  • Resistance 0.6470-75, 0.6500-05; Friday range 0.6422-0.6454

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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