Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Nov 20 - 11:55 PM

AUD/USD - Moves Higher On Soft USD And Hawkish RBA

By John Noonan  —  Nov 20 - 10:15 PM
  • AUD/USD opened +0.64% at 0.6557 after USD fell across the board nL1N3CL22K

  • It traded 0.6551 early Asia before the release of the RBA minutes

  • The minutes struck a hawkish tone and AUD/USD moved up to 0.6580 nS9N3BF00MnL4N3CM0JA

  • Move higher was helped along by hawkish comments from RBA Governor Bullock nL1N3CM00N

  • Heading into the afternoon it is just below the session high at 0.6580

  • Resistance is at the 50% of the July/Oct fall at 0.6583

  • key resistance is roight behind at the 200-day MA at 0.6590

  • A break above 0.6600 targets the 61.8 of the July/Oct fall at 0.6656

  • USD under pressure as market prices in a dovish turn in Fed expectations

  • Lack of key US data this week will help USD bears to remain in control

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved