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Nov 15 - 05:55 PM

AUD/USD - Opens Unchanged As China Optimism Offsets Rise In US Yields

By John Noonan  —  Nov 15 - 05:30 PM
  • AUD/USD opens unchanged @ 0.6505/10 after trading to a 3-month high @ 0.6542

  • Better US retail sales helped US yields and USD rebound from lows nL1N3CG2PInL1N3CG2PB

  • AUD outperformed peers as better China data Wednesday underpinned metals nL1N3CG0UX

  • AUD/USD resistance is @ 50% of July/Oct fall @ 0.6581 & 200-day MA @ 0.6596

  • Support @ the 10-day MA @ 0.6446 & 0.6395 where 55-day & 21-day MAs converge

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Aus jobs data today the key event, as it will shape RBA expectations

  • Market looking for +20K jobs and unemployment to edge up to 3.7% from 3.6%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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