By Krishna K — Nov 07 - 05:00 PM
AUD/USD opens on a cautious note after sliding 1.3% to 0.6405 low on Tuesday
Undermined by dovish RBA hike & perception that c.bank is done raising rates
RBA sounding non-committal on whether further tightening required weighs
Downside likely limited as other major central banks also remain on hold
Drop in U.S. yields cushion AUD fall; 10-yr yield down 9 bps Tuesday
Powell's speech Wed & Thu, RBA SOMP Fri awaited for more clues on policy
Support 0.6395-0.6405, 0.6365-70, resistance 0.6450, 0.6480, 0.6495-0.6500
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary