AUD/USD to lowest levels since July, CPI in focus

Currently, AUD/USD is trading at 0.7421, down -0.66% on the day, having posted a daily high at 0.7503 and low at 0.7421.

AUD/USD dropped to the lowest levels since July 26th on the back of lackluster jobs growth and a continuation of dollar momentum to the upside as markets get prepared for a bullish spell under Trump's presidency.  Forex Today: Aus jobs fail to deliver, CPIs in focus

Stronger USD for year ahead - BTMU

Yellen has basically left the door open for tightening although markets are expecting for  the pace of hikes could continue to be slow next year, "Although this will of course depend on some of Trump’s fiscal plans," explained analysts at ING, adding, "But until the details of these plans become clearer, expect Yellen and other Fed officials to steer away from commenting on this topic."

AUD/USD levels

AUD/USD bearish outlook stays unchanged – UOB

Spot is presently trading at 0.7421, and next resistance can be seen at 0.7429 (Daily Classic S1), 0.7453 (Weekly Classic S1), 0.7460 (Yesterday's Low), 0.7470 (Daily Open) and 0.7470 (Monthly Low) Next support to the downside can be found at 0.7421 (Daily Low), 0.7388 (Daily Classic S2), 0.7362 (Weekly Classic S2), 0.7316 (Daily Classic S3) and 0.7198 (Weekly Classic S3). 

 

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