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Nov 05 - 07:55 PM

AUD/USD - Pauses For Breath After Sizzling Rally

By Krishna K  —  Nov 05 - 07:20 PM
  • AUD/USD consolidates in Asia after rallying 1.55% overnight

  • Drifts lower initially as positions are squared ahead of Friday NFP

  • E-Mini down 0.25% after rallying an eye catching 7.9% this week

  • Drop limited on likely divided U.S Congress, lower for longer U.S. rates

  • Fed keeps policy steady as Biden inches closer to victory nL1N2HQ23I

  • Resistance at 0.7300-10, 0.7335-45; supports 0.7250, 0.7225-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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