By Krishna K — Nov 19 - 09:50 PM
AUD/USD unchanged in Asia, pauses after hitting 1-week high of 0.6545
Likely to remain bid on dips as sentiment improves and strong base forms
Repeated hold of 0.6440-50 encourages dip-buyers, bargain hunters
Hawkish RBA supports; c.bank vigilant on inflation, firmly on hold on rates
Traders await fresh clues on Trump policy and Fed's rate path
Concerns about slower Fed rate cuts, China's economy likely to cap raliies
China leaves loan prime rates unchanged Wed; RBA Governor Bullock speaks Thu
Initial resistance 0.6533, 38.2% of 0.6687-0.6441 drop yields;0.6562-64 next
Support 0.6510-15, 0.6480-85; Asia range 0.6529-0.6544
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary