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Nov 13 - 11:55 PM

AUD/USD - Consolidates Around Monday Close Ahead Of Key US CPI

By John Noonan  —  Nov 13 - 10:15 PM
  • AUD/USD opened +0.25% at 0.6376 after commodity bounce underpinned nL1N3CE0K9

  • In a quiet Asian session it traded in a 0.6370/84 range

  • Heading into the afternoon it is at the session low and looking heavy

  • NAB business survey and Aus consumer confidence had no impact on trading nS9N3BF00HnS9N3BF00G

  • AUD/USD resistance is at the 55-day MA at 0.6392 and 10-day MA at 0.6414

  • Support is @ the Oct 26 and 2023 low @ 0.6271 with bids eyed ahead of 0.6330

  • Market is looking ahead to US CPI and impact it has on US yields

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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