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Nov 18 - 05:55 PM

AUD/USD - Late Slide On Wall Street Erodes Gains

By John Noonan  —  Nov 18 - 05:00 PM
  • AUD/USD set to open little changed after a whippy US session

  • Pair traded to 0.7330 before Wall Street tumbled late in the day

  • Dow was up slightly with a couple of hours to go before closing down 345

  • Optimism due to vaccine breakthrough blunted by rise in COVID infections nL1N2I42PG

  • AUD/USD likely to trade heavy in Asia after the late dump on Wall Street

  • Multiple fails ahead of 0.7350 starting to discourage bulls

  • Support at Monday's 0.7266 low and last week's low at 0.7221

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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