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Nov 23 - 04:55 PM

AUD/USD - Key Resistance Keeps Bulls Frustrated

By Christopher Romano  —  Nov 23 - 01:35 PM
  • AU, DE & FR PMIs data help boost risk in overnight session nL1N2I90V2

  • NY opens just below the day's 0.7337 high, bears emerge though

  • Upbeat US Nov. PMI, US/China tensions nFWN2I90GKnL4N2I92BU lift the US$

  • USD/CNH rallies near 6.5900, AUD/JPY sinks near 75.70. AUD/USD hits 0.7266

  • US$ bid fades & stocks rally, AUD/USD lifts & sits near the 10-DMa late

  • Daily techs lean bearish, RSI turns lower & 10-DMA gets pierced

  • Monthly techs remain bullish though, RSI implies long-term bull momentum

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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