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Nov 02 - 11:55 PM

AUD/USD - Gives Back Early Gains In Quiet Session Ahead Of Fed

By John Noonan  —  Nov 02 - 10:53 PM
  • AUD//USD opened -1.20% at 0.7429 after longs bailed out after RBA

  • It rallied to 0.7440 early Asia before sellers returned to cap

  • Heading into the afternoon it is settled around 0.7430

  • AUD/USD support is at 38.2 of the 0.7170/0.7555 move at 0.7408

  • Resistance is at the 10-day MA at 0.7489 with sellers ahead of 0.7450

  • Multiple fails at 200-day MA (0.7555) suggests top is in place nL4N2RU01S

  • Fed decision later today will likely cause some volatility

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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