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Thomson Reuters
Nov 07 - 11:00 PM
AUD/USD - Trend Higher Continues As Risk Assets Gain
First appeared on eFXplus on Nov 07 - 04:45 PM
  • AUD/USD 0.45% higher in late US trading as Wall Street gains lift risk
  • US midterm results as expected and market rallies on lack of surprise
  • EM assets continue to recover with EM ETF (EEM) up 1.88%
  • AUD/USD set to close above key 100-day MA (0.7266) 1st time since in 7 mths
  • Next resistance at September 26 trend high at 0.7315
  • China trade data today a risk, as market gauges impact of US/China trade war

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