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Nov 17 - 05:55 PM

AUD/USD - Opens Lower As Resistance Holds And Equities Slip

By John Noonan  —  Nov 17 - 04:45 PM
  • AUD/USD set to open 0.20% lower, as Wall Street rally corrects nL1N2I32RZ

  • AUD/USD traded to 0.7339 - just short of resistance at 0.7340/45

  • Sellers ahead of 0.7350 have capped rallies since September 3

  • Support is found at the ascending 10-day MA, which came in at 0.7270 Tuesday

  • Short-term trend is up with 5, 10 and 21-day MAs in bullish alignment

  • RBA Governor Lowe speaks today at a panel forum at 10:40 AM Sydney time

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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