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TDUX
Nov 12 - 08:55 PM
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AUD/USD - Melancholy Lingers In Asia As USD Upswing Continues

By James Connell  —  Nov 12 - 07:58 PM

• AUD/USD -0.15% Fri as hawkish Fed comments continue to underwrite USD rally

• AUD targeting 0.6662 ytd low as downside momentum builds towards year end

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

• Critical AU Oct jobs update due Thur (prior -39.3k jobs, 4.7% unemployment)

• Middle East hostilities continue, Trump claims Iran deal not needed

• Futures pricing implies Dec 9 Fed hike of at least 25 bps now fully priced

• Range Asia 0.67951-0.6810 support 0.6662, resistance 0.7068 0.7140 0.7282
DXY Daily 55/100/200-DMA


AUD Daily 21/55/100/200-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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