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Nov 30 - 05:55 PM

AUD/USD - Bearish Outside Day As AUD Underperformed

By John Noonan  —  Nov 30 - 05:30 PM
  • AUD/USD opens 0.53% lower after completing a bearish outside day

  • USD broadly higher on month-end flows and equity market weakness

  • AUD worst performing major currency despite gains in copper and iron ore

  • Heightening tensions between China and Australia weighing on AUD nL1N2IG04WnL1N2IF0JV

  • Double-top formed at 0.7405/15 should be strong resistance in the short-term

  • Support is at the 38.2 of 0.7221/0.7408 move @ 0.7336 and 10-day MA @ 0.7330

  • RBA decision today, but should be a non-event with no-change expected nL1N2IG043

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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