The AUD/USD pair gains traction for the third successive day on Thursday and maintained its bid tone through the first half of the European session. The pair, however, trims a part of its intraday gains and retreats to the 0.6815-0.6810 region during the first half of the European session.
The AUD/USD bulls further took cues from a slight improvement in China’s Caixin Manufacturing PMI, which unexpectedly rose to 49.4 in November from 49.2 in the previous month. The reading marks the fourth successive monthly contraction amid widespread COVID-19 curbs.
This might keep a lid on any optimistic market move and act as a headwind for the AUD/USD pair. That said, the underlying bearish sentiment surrounding the USD and a sustained breakout through the 0.6755-0.6765 horizontal resistance supports prospects for additional gains. Hence, any meaningful pullback below the 0.6800 mark might still be seen as a buying opportunity and is more likely to remain limited.
Market participants now look to Thursday’s US economic docket, highlighting the release of the Fed’s preferred inflation gauge – the Core PCE Price Index – and ISM Manufacturing PMI. This, along with the US bond yields and the broader risk sentiment, will influence the USD price dynamics and provide some meaningful impetus to the AUD/USD pair.
This Post Has 18 Comments
pharmacy canadian superstore: Canadian Pharmacy – canadian drugstore online
neurontin 200 mg capsules: neurontin 300mg capsule – neurontin sale
neurontin 100 mg caps: neurontin cap – brand name neurontin
prednisone in mexico: where can i buy prednisone without a prescription – prednisone 40 mg tablet
prednisone 80 mg daily: prednisone 2.5 mg – buy 40 mg prednisone
farmacia online: Farmacie online sicure – comprare farmaci online con ricetta
Farmacie online sicure: Brufen antinfiammatorio – п»їFarmacia online migliore
viagra cosa serve: viagra farmacia – viagra originale in 24 ore contrassegno
farmacia online: Farmacia online piu conveniente – farmacie online sicure
migliori farmacie online 2024: Cialis generico recensioni – farmacia online
comprare farmaci online all’estero: Cialis generico controindicazioni – farmaci senza ricetta elenco
п»їFarmacia online migliore: Cialis generico recensioni – Farmacie on line spedizione gratuita
viagra online rГЎpida: viagra precio – viagra para mujeres
farmacia online envГo gratis: farmacia online barata y fiable – farmacias online seguras en espaГ±a
farmacias online seguras: Cialis sin receta – farmacia online barcelona
viagra online cerca de toledo: sildenafilo precio – viagra online cerca de toledo
casibom: casibom giris – casibom giris adresi
casibom guncel giris adresi
Wow, incredible weblog structure! How lengthy have you ever been running a blog for?
you made blogging look easy. The overall glance of your site is excellent,
let alone the content! You can see similar here e-commerce