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