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Thomson Reuters
Nov 27 - 02:36 AM
AUD/USD - Steadies After Early Weakness
First appeared on eFXplus on Nov 26 - 10:45 PM
  • AUD/USD fell to 0.7214 on WSJ report quoting Trump on US/China trade
  • Trump said his summit with Xi unlikely to stop increase in tariffs
  • Risk assets in Asia recovered from early weakness and underpinned AUD
  • Heading into the afternoon AUD/USD around 0.7225/30 in quiet trading
  • The 21-day MA comes in at 0.7225 and close below targets 0.7160/80
  • The 55-day MA comes in at 0.7178 and Nov 13 low comes in at 0.7164
  • Resistance at 10-day MA at 7254 and close above eases downward pressure

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