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Nov 24 - 05:55 PM

AUD/USD - Opens Lower As USD Gains On Strong US Data And Hawkish Fed

By John Noonan  —  Nov 24 - 05:28 PM
  • AUD/USD opens 0.44% lower at 0.7195 after USD had another day of broad gains nL1N2SF2S7

  • AUD/NZD short-covering helped to underpin the AUD/USD at the 0.7185 low

  • The Sep 29 low at 0.7170 is in focus and break targets 2021 low at 0.7106

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

  • Resistance is at the 10-day MA at 0.7260 and break would ease the pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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