Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 21 - 05:55 PM

AUD/USD - Opens Lower As China COVID Concerns Weigh Heavily

By John Noonan  —  Nov 21 - 05:25 PM
  • AUD/USD opens -1.0% as China COVID spike seen as threatening global growth

  • USD broadly strengthened, while AUD fell against every major currency nL1N32H1UH

  • Close below the 10-day MA (0.6652) suggests a top may be in place

  • Next support at 38.2 fibo of 0.6170/0.6997 move at 0.6557

  • The 21-day MA is at 0.6531 and break would signal trend higher is over

  • The 10-day MA (0.6652) is now resistance followed by Monday's 0.6684 high

  • Key will be moves in USD/CNH and Asian equity markets

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!