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Nov 07 - 10:55 PM

AUD/USD - Soft Tone As Firm USD And Sluggish Equities Weigh

By John Noonan  —  Nov 07 - 09:58 PM
  • AUD/USD opened 0.7397 after closing Friday at 0.7401

  • It traded in a 0.7387/0.7402 range and is around 0.7390 into the afternoon

  • USD broadly firmer in Asia while AXJ equity index -0.20% and E-minis -0.25%

  • AUD/USD support is at the 55-day MA at 0.7359, which was Friday's low

  • Resistance at Friday's 0.7412 high and 21-day MA at 0.7448

  • A break below 0.7355 targets the 61.8 of 0.7170/0.7555 at 0.7317

  • AUD/USD will likely be influenced by broad USD moves this week

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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