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Nov 13 - 12:12 AM
AUD/USD - Gives Back Gains Made In Wake Of RBNZ Surprise
First appeared on eFXplus on Nov 12 - 09:55 PM
  • AUD/USD traded to 0.6858 in sympathy with surging NZD/USD after RBNZ on hold nL4N27T0M7

  • AUD/NZD selling tempered the rise and now AUD/USD back below 0.6840

  • AUD/NZD down around 1.25% to 1.0675 and weighing on AUD/USD

  • AUD/USD support at the 38.2 of the 0.6670/0.6929 move at 0.6830

  • Break below 0.6830 targets the 50% of the move around 0.6800

  • Resistance at the 10-day MA at 0.6876 and break eases the downward pressure






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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