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Nov 15 - 05:55 PM

AUD/USD - Gains Ground Despite Mostly Negative Leads

By John Noonan  —  Nov 15 - 04:49 PM
  • AUD/USD set to open around 0.25% higher after trading as high as 0.7370

  • Moves higher despite key commodities easing and USD index rising 0.38% nL1N2S6214

  • AUD underpinned by stronger China data and unwinding of EUR/AUD longs

  • Resistance in the 0.7365/85 window where decent selling interest is tipped

  • The 55-day MA is @ 0.7365, 10-day MA is @ 0.7376 and 38.2 fibo is @ 0.7383

  • RBA minutes will be released today and RBA Governor Lowe will be speaking

  • RBA will likely continue to push back against pricing of rate hikes in 2022

  • Risk is to the downside while 0.7385 caps rallies

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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