By John Noonan — Nov 12 - 05:50 PM
AUD/USD trading just below Friday's 0.6360 close in a quiet start
It closed unchanged Friday after Wall Street gain offset firm US 2-yr yield nL1N3CB28I
AUD/USD fell 2.35% last week to shift pressure to the downside
Close below 21-day MA at 0.6371 puts Oct 26 and 2023 low at 0.6271 in focus
Resistance is at the 55-day MA at 0.6394 and 10-day MA at 0.6409
Consolidation likely ahead of key events late in the week nL1N3CB04C
Aus wage price data Wednesday and Aus jobs data Thursday - key local events
US CPI and China IP and retail sales out Wednesday will also impact AUD/USD
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary