0404 GMT - Following the hawkish change in outlook by the Fed, AUD/USD has hit its lowest level in two years, falling to 0.6199 as U.S. yields and the U.S. dollar surged, says Tony Sycamore, market strategist at IG Markets. The AUD/USD has fallen a jaw-dropping 10.7% in just over 11 weeks. After falling through the technical support at 0.6370/75 and then the support level at 0.6270, there isn't much in the way of support until the 0.6170 low, he says. Beyond that, a test of the psychologically significant 0.6000 level will loom, he adds. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
December 18, 2024 23:04 ET (04:04 GMT)
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