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Nov 20 - 11:55 PM

AUD/USD - Mildly Bid While Traders Ponder Next Move

By Krishna K  —  Nov 20 - 10:05 PM
  • AUD/USD +0.2%, stays supported on bargain-hunting after Wednesday drop

  • Underpinned by RBA's hawkish stance, ability to hold above 0.6480-85 support

  • Scaled back Fed Dec rate cut expectations, geopolitical concerns cap upside

  • Speech by BOJ Governor Ueda at 0510 GMT in focus Thu, may impact AUD/JPY

  • RBA Governor Bullock speaks at 0800 GMT but topic not market related

  • 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

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