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Nov 16 - 05:55 PM

AUD/USD - Outperforms As Vaccine Optimism Lifts Risk

By John Noonan  —  Nov 16 - 04:45 PM
  • AUD and NZD made strong gains across the board on soaring risk assets

  • Moderna vaccine news sent equities and commodities soaring, as global outlook brightens nL1N2I22TL

  • AUD/USD set to open 0.65% higher with a foothold above 0.7300

  • Resistance at 0.7340/45 with sellers tipped ahead of 0.7350

  • Break above 0.7350 targets the 2020 high at 0.7413

  • Support at ascending 10-day MA, which came in at 0.7255 Monday

  • Short term trend higher with 5, 10 and 21-day MAs in bullish formation

  • RBA Minutes today, but should be non-event with no new information expected

  • Deputy Governoer Guy Debelle to participate in panel discussion 5pm Sydney

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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