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Nov 30 - 07:55 PM

AUD/USD - Opens Only Slightly Lower After Recovering From Plunge

By John Noonan  —  Nov 30 - 05:50 PM
  • AUD/USD opens 0.-17% after a day full of whipsaw movements

  • It fell to 0.7092 on comments from Moderna CEO in FT nL1N2SL0AH

  • AUD/USD climbed all the way back to 0.7170 before hawkish Powell comments nL1N2SL1O5

  • It then plunged to 0.7063 before recovering to above 0.7130

  • It was a day when both longs and shorts had a hard time holding positions

  • Key support is at the 38.2 of the 0.5510/0.8007 move at 0.7053

  • Resistance is at the 10-day MA at 0.7185 and break would ease the pressure

  • For more click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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