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Thomson Reuters
Nov 04 - 05:00 PM
AUD/USD - Consolidates After Failing At Strong Resistance
First appeared on eFXplus on Nov 04 - 03:20 PM
  • AUD/USD settles into consolidation mode following Thu-Fri rally of 2.6%
  • Gains curbed by strong U.S. data, caution ahead of U.S. mid-term elections
  • Trump's optimism on U.S.-CN trade agreement to limit downside nL3N1XE01S
  • China's economy support measures to underpin nL4N1XF04D nB9N1X2024
  • RBA meets Tue, to reiterate rates "on-hold" ; SOMP on Nov 9
  • Resistance at 0.7252-68 rejects on 1st attempt; strong support @ 0.7160-68

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