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Nov 12 - 07:55 PM

AUD/USD - Quiet Start After A Tough Week For AUD Bulls

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

Refinitiv IFR Research/Market Commentary


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