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Nov 13 - 05:55 PM

AUD/USD - Opens Slightly Higher In Subdued Trading Ahead Of US CPI

By John Noonan  —  Nov 13 - 05:20 PM
  • AUD/USD opens +0.25% after a quiet start to the week with USD mixed

  • AUD underpinned by a bounce in key commodities with NY copper rising 1.7%

  • nL1N3CE0K9

  • AUD/USD closed above the 21-day MA (0.6374) to ease downward pressure

  • Resistance is at the 55-day MA at 0.6392 and 10-day MA at 0.6414

  • Support is at the Oct 26 and 2023 low at 0.6271 with bids above 0.6300

  • NAB biz survey & consumer confidence out today, but unlikely to move market

  • Market looking ahead to Aus wage data Wednesday and Aus jobs on Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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