• AUD/USD dipped on Tuesday as greenback was supported by news that the U.S. government could reopen soon from a record shutdown.
• On Monday, the U.S. Senate approved a funding bill to end a 41-day shutdown of the federal government, sending it to the House of Representatives for final approval.
•The bill now moves to the House, where Speaker Mike Johnson aims to pass it by Wednesday before sending it to President Donald Trump for approval.
• Australia’s consumer confidence jumped sharply in November as households grew more upbeat about the economy, further diminishing prospects of a near-term interest rate cut.
• Australia’s consumer sentiment jumped 12.8% to 103.8 in November, Westpac reported Tuesday the first reading above the 100 optimism threshold since February 2022, ending nearly four years of pessimism.
• Looking Ahead,traders await Australia’s October employment report due Thursday, with a Reuters poll forecasting a 15,000 job gain and unemployment steady at 4.4%, data that could influence short-term direction for the Aussie.
• Immediate resistance is located at 0.6544(38.2%fib), any close above will push the pair towards 0.6580(SMA 20).
• Support is seen at 0.6473 (61.8%fib) and break below could take the pair towards 0.6460(Lower BB).
Recommendation: Good to sell around 0.6520, with stop loss of 0.6600 and target price of 0.6450
