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Nov 09 - 07:55 AM

AUD/USD - Runs Into Resistance Around Monday's High

By Rob Howard  —  Nov 09 - 06:16 AM
  • AUD/USD met headwind around 0.7431 after rising from 0.7390 (Asia low)

  • 0.7431 was Monday's high (after rally from 0.7385 intra-day low)

  • More offers tipped pre-0.7440 (0.7434 = 38.2% Fibo of 0.7555-0.7360)

  • Fed chair news awaited: will Biden choose Powell or Brainard? nL1N2RZ0IB

  • AUD/NZD hit six-week low of 1.0332 in Asia (1.0280 was 17-month low in Sept)

  • See: nL1N2S00KQ. Newcrest to buy Canadian gold miner Pretium nL4N2RZ4SM

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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