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Nov 29 - 11:55 PM

AUD/USD - Steady Around 0.7150 As Soft USD And China PMIs Support

By John Noonan  —  Nov 29 - 10:34 PM
  • AUD/USD opened +0.40% at 0.7143 after move up in risk assets underpinned nL1N2SK2MOnL1N2SK0H0

  • Range for the Asian session was 0.7133/55 and is 0.7145 into the afternoon

  • AUD/USD traded to the 0.7155 high after better than expected China PMI nL1N2SL02S

  • Resistance is at former support at 0.7170 with sellers ahead of 0.7160

  • A break above 0.7170 targets the 10-day MA at 0.7202

  • Support is at the 2021 low at 0.7106 with buyers ahead of 0.7110

  • Calm reaction so far to Omicron variant keeping AUD/USD supported for now

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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