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Dec 30 - 02:55 AM

AUD/USD - Buoyed By Bargain Hunting, Technical Buying

By Krishna Kumar  —  Dec 29 - 10:46 PM

• AUD/USD +0.4% in Asia on bargain hunting, technical demand in thin market

• Buyers step in after support at 0.6200 held for 2nd time on Friday

• But only a move above resistance at 0.6280 signals an interim low in place

• Rallies likely to be capped on possible Fed-RBA rate divergence in 2025

• Weak Chinese economy, Trump's tariff threats are significant risks next year

• Loss of 0.6199 Dec 19 low opens 0.6170, 2022 low; minor resistance 0.6250

• Asia range 0.6210-0.6242
Reuters poll - U.S. 10-year Treasury yield forecasts


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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