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Nov 14 - 11:55 PM

AUD/USD - Steady In Asia - As RBA Minutes And China Data Ignored

By John Noonan  —  Nov 14 - 10:35 PM
  • AUD/USD opened at 0.6701 after holding up well despite fall in risk assets

  • It moved lower early Asia, as USD attained a broadly bid tone

  • RBA minutes provided no fresh clues and the market didn't react nS9N31B019

  • China data missed expectations, but reaction was muted due to COVID lockdown factor nL1N32B048

  • AUD/USD fell to 0.6686 before bouncing back above 0.6700 into the afternoon

  • Resistance is @ the 38.2 of 2022 high-low at 0.6739 with sellers at 0.6730

  • Support is at Monday's 0.6664 low with bids eyed ahead of 0.6680

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Only a break below the 10-day MA at 0.6525 would suggest a top is forming

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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