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Nov 12 - 01:55 AM

AUD/USD - Leaks Lower As USD Demand Continue Is Asia

By John Noonan  —  Nov 11 - 10:23 PM
  • AUD/USD opened -0.51% at 0.7289 after USD broadly gained on Thursday

  • It traded up to 0.7307 early when AUD/JPY demand provided support

  • Once the AUD/JPY demand was sated, AUD/USD tracked lower

  • USD moved broadly higher and the AUD/USD is at the session low at 0.7278

  • Support is at the 76.4 of 0.7170/0.7555 at 0.7261

  • A break below 0.7261 targets a full retracement down to 0.7170

  • Risk assets generally bid in Asia to help cushion AUD fall

  • Bias is for lower as RBA and Fed expectations diverge

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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