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Nov 06 - 08:36 AM
AUD/USD - Reclaims 0.69 Handle After Testing Tuesday's NY Low
First appeared on eFXplus on Nov 06 - 06:15 AM
  • AUD/USD rose to 0.6907 following its early Europe drop to test 0.6884

  • 0.6884 was Tuesday's NY session low, after it retreated from 0.6928

  • Retreat from 0.6928 was influenced by some profit-taking on long positions

  • The profit-take flow kicked in after AUD/USD failed to break 0.6929

  • 0.6929 = Oct 30, three-month high. China/U.S. trade news to impact AUD

  • Where Trump and Xi may meet becomes new trade deal issue nL2N27L0VI

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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