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Nov 18 - 10:55 PM

AUD/USD - Consolidates Above Support In Quiet Asian Session

By John Noonan  —  Nov 18 - 10:03 PM
  • AUD/USD opened +0.15% at 0.7276 after USD gave back ground on profit taking nL1N2S91VW

  • After trading @ 0.7280 it drifted down to 0.7268 when the USD broadly firmed

  • Heading into the afternoon it is trading around 0.7275 - little changed

  • Support is at a rising trend-line at 0.7255 and yesterday's 0.7250 low

  • A break below 0.7250 targets 0.7200/20 where the 100 & 200-week MAs converge

  • Resistance is at the 10-day MA at 0.7421 and break would ease pressure

  • Soft commodity prices continues to weigh on AUD sentiment

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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