AUD/USD to edge lower towards 0.71 amid Omicron covid concerns – OCBC

Market news

29 November 2021

AUD/USD to edge lower towards 0.71 amid Omicron covid concerns – OCBC

AUD/USD fell sharply on Friday. Although the pair stages a rebound on Monday, the aussie remains sensitive to changes in sentiment, economists at OCBC Bank report.

Any further bounce to be capped at 0.7200

“The AUD/USD bias may still be towards the 0.7100 support, especially if the Omicron concerns /risk-off sentiment persists for the next few days.”

“Any further bounce should be capped at 0.7200 for now.”

Currencies. Daily history for Monday, November 29, 2021

Commodities. Daily history for Friday, November 26, 2021

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