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Nov 03 - 07:55 PM

AUD/USD - Opens Higher After Less Hawkish Fed Weighs On USD

By John Noonan  —  Nov 03 - 06:01 PM
  • AUD/USD opens +0.27% after gaining ground late in the US session

  • USD moved lower after Fed Chair Powell was lass hawkish than feared nW1N2QN00EnL1N2RU1R9

  • Before FOMC AUD/USD dipped to 0.7412 before buyers stepped in

  • AUD/USD closed above 21-day MA (0.7442) to attain a bid tone into Asia

  • Resistance is at the 10-day MA at 0.7489 and break targets 0.7555

  • Support is at the 38.2 of the 0.7170/0.7555 move at 0.7408

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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