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Nov 18 - 08:55 PM

AUD/USD - Recovery Pauses; No Fresh Insights From RBA Minutes

By Krishna K  —  Nov 18 - 08:10 PM
  • AUD/USD eases slightly after closing 0.7% higher Mon as markets consolidate

  • RBA minutes of Nov meeting taken in stride; c.bank stays guardedly hawkish

  • Australia central bank pondered scenarios for rate changes at Nov meeting

  • AUD likely to be supported on dips as commodities recover from recent drop

  • Upside limited on concerns about slower Fed rate cuts, China concerns

  • Support 0.6475-80, strong base at 0.6440-50, resistance 0.6515-20, 0.6535-40

  • Asia range 0.6496-0.6507

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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