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Nov 23 - 10:55 PM

AUD/USD - Soft Tone As NZD/USD Leads It Lower

By John Noonan  —  Nov 23 - 10:08 PM
  • AUD/USD opened unchanged around 0.7225/30 after quiet US session

  • It cam under pressure when NZD/USD fell in response to RBNZ rate hike nL1N2SF02M

  • AUD/USD traded to 0.7211 in sympathy before steadying

  • Heading into the afternoon it is trading just below 0.7220

  • AUD/USD trending lower with 5. 10 and 21-day MAs in a bearish formation

  • A break above the 10-day MA at 0.7272 needed to relieve downward pressure

  • Support is at the 200-week MA at 0.7195 and trend low at 0.7170

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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