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Thomson Reuters
Nov 05 - 12:12 AM
AUD/USD - Settles In Range Ahead Of Key Events
First appeared on eFXplus on Nov 04 - 10:10 PM
  • AUD/USD was bid early and traded to 0.7104 before Asian equities slumped
  • Pair found buying support at 0.7180 and is around 0.7185 into the afternoon
  • AUD/USD consolidating solid gains made at the end of last week
  • RBA meeting and US midterm elections tomorrow likely to limit interest
  • Support at former resistance at 0.7160 and 55-day MA at 0.7149
  • Resistance at 100-day MA at 0.7238 and Friday's 0.7258 high

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