Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 15 - 05:55 PM

AUD/USD - Opens Higher On China Optimism While Geopolitics Cap

By John Noonan  —  Nov 15 - 05:25 PM
  • AUD/USD opens +0.81% after trading as high as 0.6797

  • Move higher due to hopes of easing China-US tensions and soft US PPI nL4N3290E9nL1N32B1GG

  • Headlines that Russian missiles landed in Poland sent AUD/USD lower again

  • In a whippy US afternoon it ended sbove the 38.2 of 2022 high-low at 0.6739

  • Next resistance is at 0.6915 where the 50% retrace and Sep 13 high converge

  • Bids are tipped ahead of 0.6700 with Tuesday's low support at 0.6686

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Closely watched Aus Q3 WPI index out today with market expecting +0.9% Q/Q

  • Outcome may impact RBA expectations for December meeting

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!