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Nov 10 - 10:55 PM

AUD/USD - _Breaks Support As Firm USD And Weak Aus Jobs Weigh

By John Noonan  —  Nov 10 - 10:06 PM
  • AUD/USD opened -0.72% at 0.7327 after USD gained following US CPI

  • It traded to 0.7340 early Asia before Aus jobs came in weaker than expected nAZN01SVK9

  • AUD/USD slipped to 0.7315 before finding buyers again and bounding to 0.7329

  • Another round of selling late morning has taken it to a fresh low at 0.7297

  • It is trading around the session low into the afternoon

  • AUD/USD at risk from divergent Fed/RBA expectations nL4N2S20MO

  • Support at the 61.8 of 0.7120/0.7555 has given way

  • Next support of significance is the Sep 29 trend low at 0.7120

  • Resistance is at the 55-day MA at 0.7364

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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