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Nov 16 - 05:55 PM

AUD/USD - Opens Lower After Strong US Data Supports USD

By John Noonan  —  Nov 16 - 05:08 PM
  • AUD/USD opens -0.55%, as strong USD and weak commodities spark sell-off nL1N2S723NnL1N2S70MT

  • AUD/USD rally stalled at 10-day MA and pressure now shifts to the downside

  • Option related buying at 0.7290/95 holding for now, but little bounce

  • Support is at Last week's 0.7277 low and 76.4 fibo at 0.7251

  • Resistance is at the 10-day MA, which descends to 0.7365 today

  • AUD/USD likely to set 0.7260/75 while 10-day MA caps rallies

  • Aus wage price index out today and could spark volatility in rates market

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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