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%
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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