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Nov 19 - 11:55 PM

AUD/USD - Recovers Ground After Early Dive But Vulnerable

By John Noonan  —  Nov 19 - 10:40 PM
  • AUD/USD opened 0.31% lower at 0.7182 after easing late NY

  • It fell to 0.7267 on report Mnuchin was withdrawing money from Fed program nL1N2I52W1

  • Aus retail sales came in much better than expected and helped steady the AUD/USD nS9N2FD029

  • AUD/USD recovered to trade back above 0.7280, but remains vulnerable nL4N2I603J

  • AUD/USD support is found at Monday's 0.7221 low and 38.2 fibo at 0.7206

  • Stiff resistance is at 0.7340/45 where multiple daily tops found

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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