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Dec 01 - 03:55 PM

AUD/USD - Early Upbeat Risk-Related Gain Ebbs Into NorAm Close

By Paul Spirgel  —  Dec 01 - 01:46 PM
  • AUD/USD slips 0.1% to 0.7125 into NorAm close; Wed range 0.7173-19

  • Early NorAm rise to 0.7172 pared after Powell testimony nL1N2SM1SK

  • Commodity, equity gains unravel amid Fed, Omicron uncertainties

  • Aussie offered ahead of 10-DMA as Omicron, Fed hike angst ebbs nL1N2SM1LW

  • AUD/$ res at 10DMA by 0.7186, 200-WMA by 0.7191; bears in control sub-0.7309

  • Support just below Tues 2021 low 0.7063, at lower 30-w Bolli 0.7058

  • Fluid Omicron may yet derail global recovery risk for AUD bulls

  • CNH=D3 near 6-month highs hints Omicron affect on growth may be muted

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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