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Nov 11 - 08:55 AM

AUD/USD - Shorts Struggle Near Key Impediments

By Christopher Romano  —  Nov 11 - 07:29 AM
  • Downbeat Aussie Oct jobs nL1N2S201L broadly weigh down the A$

  • Drop in eurodollar futures price EDM2 helps buoy the US$

  • AUD/JPY falls toward 83.10, AUD/USD probes the thin daily cloud

  • Pair hits 0.7287, selling abates in Europe am & pair lifts in early NY

  • Equity ESv1, copper HGv1, iron-ore DCIOc2 gains help lift AUD/USD

  • USD/CNH fall from the session high toward 6.3920 also props up AUD/USD

  • Techs still bearish; RSIs falling, pair below the 55-DMA

  • Trendline support, 76.4% Fib of 0.7171-0.7555 nearing & could be support

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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