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Nov 19 - 05:55 PM

AUD/USD - Set To Open Lower Despite Late Bounce

By John Noonan  —  Nov 19 - 04:50 PM
  • AUD/USD is set to open 0.20% lower, but well of the daily low

  • It traded as low as 0.7254 before Wall Street reversed higher

  • The Dow was down 0ver 200 points before closing 45 points higher

  • It looks like it will close just above the 10-day MA at 0.7283

  • AUD/USD support at last week's 0.7221 low

  • Stubborn resistance is found between 0.7335/45 where sellers are tipped

  • Aus Oct retail sales out today with market expecting +0.30% M/M

  • Market may not react, as AUD didn't benefit yesterday from strong jobs data

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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