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Nov 22 - 01:55 AM

AUD/USD - Holds Ground; AUD/NZD Rises To Fresh 2024 High

By Krishna K  —  Nov 21 - 10:25 PM
  • AUD/USD up 0.1% in quiet Asian trading, holds cross-gains vs many peers

  • Settles into a 0.6480-0.6530 range within broader 0.6450-0.6550 band

  • RBA's hawkish stance, stabilization in commodities encourages dip-buyers

  • RBA monetary policy diverges from many other c.banks, lifts AUD on crosses

  • EUR/AUD hits 7-week low as Ukraine conflict weighs; GBP/AUD at 6-week low,

  • AUD/NZD hits fresh 2024 high of 1.1177 ahead of RBNZ meeting, AU CPI Wed

  • Markets price in 100% probability of 25 bps RBNZ cut, 29% of 75bps 0#NZDIRPR

  • Support 0.6480-85, 0.6440-50, resistance 0.6530, 0.6545-50, 0.6565

  • Asia range 0.6509-0.6521; AUD/NZD range 1.1111-1.1180

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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