By John Noonan — Oct 31 - 06:10 PM
AUD/USD opens -0.56% following a surge higher in the USD after US wage data nL1N3C119V
USD broadly higher led by huge 1.80% rally in USD/JPY following BOJ nL1N3C12DJ
Key commodities slipped following weak China PMI and weighed on AUD nL1N3C111K
AUD/USD closed below 21-day MA (0.6349) but above the 10-day MA (0.6334)
Support is at a double-bottom formed at 0.6270/75
Resistance is at the 55-day MA at 0.6393 and break would be bullish
Caixin China PMI today, but market looking ahead to Fed decision
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary