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Nov 04 - 07:55 PM

AUD/USD - Bearish Outside Day After GBP/USD Collapse Supports USD

By John Noonan  —  Nov 04 - 06:06 PM
  • AUD/USD opens -0.67% after completing a bearish outside day reversal

  • AUD/USD reversal lower due to GBP/USD collapse when BOE didn't hike nL1N2RV212

  • The AUD/USD low was 0.7383 - just above the 100-day MA at 0.7381

  • The 100-day MA descends to 0.7380 today and is key support

  • Resistance is at the 21-day MA at 0.7444 and break would ease pressure

  • AUD/USD vulnerable - as market perceives a top is in place at 0.7555

  • RBA SOMP today and will provide detail to growth and inflation forecasts

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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