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Nov 23 - 10:55 PM

AUD/USD - Moves Higher With Risk-On Mood And NZD Surge

By John Noonan  —  Nov 23 - 10:05 PM
  • AUD/USD opened 0.22% lower at 0.7286 after a very whippy trading day

  • It moved up to 0.7300 on news White House would start transition process nL1N2I914CnL1N2IA03E

  • The AUD/USD was then dragged higher by surge higher in the NZD nL1N2IA03C

  • It traded to 0.7316 before AUD/NZD selling capped the price action

  • AUD/NZD fell to 104.80 - down 0.35% on the day and lowest since mid-April

  • AUD/USD resistance is at 0.7335/45 where it has topped out repeatedly

  • Support is around 0.72220 where the Nov 13 and 21-day MA converge

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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