By Krishna K — Nov 18 - 04:55 PM
AUD/USD poised to open 0.7% higher Tue after repeated tests of support holds
0.6441, April 23 low, holds on 3 occasions as downward momentum stalls
Commodities recover from recent sharp drop as Trump trade pauses, buoy AUD
Gold +1.9%, NYK copper +1.4%, Dalian iron ore rises from near 2-month low
Trade flows in focus as Australia's Albanese meets China's Xi
AUD/JPY up 1% as BOJ's Ueda makes no mention of Dec rate hike, supports AUD
RBA Nov meeting minutes Tue and Governor Bullock speech Thu awaited
Support 0.6475-80,0.6440-50 break opens 0.6408; resistance 0.6515-20, 0.6550
Monday range 0.6448-0.6510
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary