By John Noonan — Nov 19 - 09:20 PM
AUD/USD trading with a bid tone and moved as high as 0.6527
Move higher coincided with move lower in the USD/CNH after PBOC fix nL1N3CL04V
Asian equity markets are steady to higher and helping AUD sentiment nL1N3CL00V
AUD/JPY buying before Tokyo fix also helped to underpin AUD/USD
AUD/USD resistance is at last week's 0.6542 high where selling is tipped
Key resistance @ 0.6580/95 where the 200-day MA converges with 50% of July/Oct fall
Support is at the 10-day MA at 0.6446 with bids ahead of 0.6450
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary