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Nov 15 - 08:55 PM

AUD/USD - Softer USD And Positive Stocks Push AUD Higher

By Andrew M Spencer  —  Nov 15 - 07:10 PM
  • +0.3%, AUD/JPY +0.35% - risk 'on' led by a 0.75% rise in E-mini S&P futures

  • Soft USD leads on expectations of Fed stimulus and the expanding coronavirus

  • Australia hopes RCEP trade deal will improve China relationship nL8N2I1003

  • Gov't to spend $726 mln on Australia's biggest vaccine plant nL4N2I10D4

  • Charts; Momentum studies conflict, 5, 10 & 21 DMAs base or climb

  • Net positive setup targets a test of the 0.7340 November high

  • Close below 0.7206, 38.2% of the November bounce would end topside bias

  • Asian 0.7266-0.7296 range is initial support-resistance

    For more click on FXBUZ

aud nov 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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