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Nov 28 - 12:12 AM
AUD/USD - Heavy Tone As Trade Deal Uncertainty Weighs
First appeared on eFXplus on Nov 27 - 10:20 PM
  • AUD/USD opened 0.6774 and initially edged up to 0.6779

  • New Trump signed bill supporting HK protesters sent it lower nL1N2871Q2

  • AUD/USD below 0.6765/70 support to 0.6759 on the news

  • Market ignored sluggish Aus Q3 CAPEX as it didn't impact RBA expectations nAZN02K000

  • AUD/USD settled around 0.6765 heading into the afternoon session

  • AUD/USD vulnerable if HK bill threatens trade talk progress nL4N28805S

  • Support at 76.4 of 0.6670/0.6929 move at 0.6730 and break targets 0.6670

  • Resistance at 10-day MA at 0.6793 and break eases downward pressure






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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