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Nov 18 - 10:55 PM

AUD/USD - Consolidates As Traders Await Fresh Catalysts

By Krishna K  —  Nov 18 - 09:40 PM
  • AUD/USD unchanged in Asia as traders await fresh clues on Trump, Fed policy

  • Likely to stay bid on dips after forming a strong support base at 0.6440-50

  • Commodities recover from recent sharp drop as Trump trade pauses, buoy AUD

  • RBA minutes of Nov meeting taken in stride; c.bank stays guardedly hawkish

  • Australia central bank pondered scenarios for rate changes at Nov meeting

  • RBA Governor Bullock speaks on Thursday; Asia range 0.6496-0.6513

  • Support 0.6475-80, strong base at 0.6440-50, resistance 0.6515-20, 0.6535-40

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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