Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 20 - 09:55 PM

AUD/USD - Pares Overnight Losses As Bargain-Hunters Step In

By Krishna K  —  Nov 20 - 08:35 PM
  • AUD/USD +0.2%, grinds higher in Asia as buyers step in after Wednesday drop

  • Bargain-hunters encouraged by ability of pair to hold support at 0.6480-85

  • RBA's hawkish stance supports as c.bank seen in no rush to ease

  • Scaling back of Fed Dec rate cut expectations likely to cap upside

  • Chances of Fed 25-bps cut in Dec at 54%, was 83% last week-CME Fedwatch Tool

  • Speeches by BOJ Governor Ueda and RBA Governor Bullock awaited Thursday

  • Support 0.6480-85, 0.6440-50, resistance 0.6520-25, 0.6545-50, 0.6565

  • Consolidation in 0.6450-0.6550 range likely; Asia range 0.6504-0.6518

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!