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Nov 03 - 07:55 AM

AUD/USD - Respects Two-Week Low Before FOMC Event Risk

By Rob Howard  —  Nov 03 - 05:46 AM
  • AUD/USD has traded a modest 26 pip range thus far Wednesday, 0.7425-0.7451

  • Calm follows Tuesday's cent+ fall to two-week low of 0.7420 on dovish RBA

  • See: nL1N2RT05QnL4N2RU01S. Fed event risk at 1800 GMT nL1N2RT12T

  • 0.7408 (Oct 19 low/38.2% Fibo of 0.7171-0.7555) is support point sub-0.7420

  • French ambassador accuses Australia of deceit over submarine deal

  • See: nL1N2RU02R. Republicans capture Virginia governship nL1N2RU0K4

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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