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