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Nov 18 - 05:55 PM

AUD/USD - Set To Open Higher As USD Eases And Commodities Bounce

By John Noonan  —  Nov 18 - 05:30 PM
  • AUD/USD heads into Asia 0.15% higher after bouncing off support at 0.7250

  • USD broadly eased against currencies where it was overbought nL1N2S91VW

  • Bounce in copper and oil also helped to underpin AUD/USD nL1N2S91XQ

  • AUD/USD trend-line support moves up to 0.7255 today

  • Resistance is at the 10-day MA, which will descend to around 0.7423 today

  • AUD/USD trending lower with the 5, 10 and 21-day MAs in bearish alignment

  • A break above the 10-day MA would suggest trend momentum is waning

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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