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TDUX
Nov 11 - 11:55 PM
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AUD/USD - Nears Cliff Edge As Sentiment Stays Fragile

By James Connell  —  Nov 11 - 09:45 PM

• AUD/USD down 0.1% Thur as Nvidia's CEO crisis dampens risk sentiment

• AUD 0.6835 support pivotal, downtrend would quicken on break below

• RBA Nov meeting minutes due & Governor Bullock speaking at ASIC forum Tue

• AU Oct jobs update (Nov 19) crucial, prior -39.3k jobs, 4.7% unemployment

• Sticky U.S. inflation has Fed officials considering accelerated tightening

• Futures pricing currently implies 89.4% chance of 25 bps Fed hike on Dec 9

• Range Asia 0.6836-54 support 0.6835 0.6662, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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