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Australian dollar futures hit six-week high as traders eye more gains
The December AUD futures are near .7027 and would need a break above that level to target .7250, with support around .6950.
Yahoo Finance highlights that December Australian dollar futures have climbed to a six-week high, with the daily trend pointing higher.
The piece attributes the move partly to Australia’s resilient economy alongside a hawkish stance from the Reserve Bank of Australia on monetary policy.
It also points to uncertainty in U.S. markets, saying the Federal Reserve has sent mixed signals that could be influencing risk sentiment.
For the December contract, Yahoo Finance cites resistance at a level near today’s high of .7027 and describes an upside objective of .7250, while noting technical support around .6950.