Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 02 - 07:55 PM

AUD/USD - Fed Whipsaw Results In Bearish Outside Day

By John Noonan  —  Nov 02 - 05:55 PM
  • AUD/USD opens -0.66% after completing a bearish outside day reversal

  • It traded up to 0.6493 when Fed statement was perceived as relatively dovish nL1N31Y1XL

  • Everything reversed when Fed Chair Powell delivered clearly hawkish guidance nL1N31Y2BN

  • AUD/USD hovering around support that comes in around 0.6345

  • The 50% of 0.6170/0.6522 is at 0.6346 and the 21-day MA is at 0.6344

  • A break below 0.6340 targets the 61.8 of the move at 0.6304

  • Resistance is at 10-day MA at 0.6395 and break would ease downward pressure

  • AUD/USD undermined by negative reaction to Powell comments in equities nL1N31Y2QH

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!