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Nov 08 - 05:55 PM

AUD/USD - Gaps Higher In Early Asia, Upside Likely Limited

By Krishna K  —  Nov 08 - 03:45 PM
  • AUD/USD opens 0.3% higher as Biden election win seen fuelling risk rally

  • Underpinned by hopes of more predictable U.S. policy on global trade

  • Investors celebrate Biden win, prospects of Republican Senate nL1N2HT0FY

  • Care required; Senate undecided, 2 runoff elections in Georgia on Jan. 5

  • Increased possibility of smaller U.S. stimulus may weigh on risknL1N2HS1TT

  • Rising Australia-China trade tensions to cap Aussie rallies nL1N2HS087

  • Resistance 0.7300-10, 0.7335-45; supports 0.7240, 0.7215-20

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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