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Nov 14 - 07:55 PM

AUD/USD - Shows Resilience To Open Little Changed From Friday Close

By John Noonan  —  Nov 14 - 05:35 PM
  • AUD/USD opens a few pips lower at 0.6701 after trading 0.6664/0.6723

  • Holding up despite Wall Street late fall, higher US yields and weak metals nL1N32A2IJ

  • AUD/USD resistance is at the 38.2 of the 2022 fall at 0.6739

  • It is trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 0.6525 and break would suggest top is forming

  • China IP and retail sales for Oct out today and could impact price action

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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