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Nov 24 - 10:55 PM

AUD/USD - Gently Bid In Quiet Session Ahead Of US Hioliday

By John Noonan  —  Nov 24 - 10:01 PM
  • AUD/USD opened -0.44% at 0.7195 after USD firmed on solid US data

  • After trading at 0.7590 the AUD/USD struck a firm tone

  • It traded to 0.7208 when Aus Q3 Capex spending intentions was strong nAZN01USC5

  • Sellers ahead of 0.7210 capped and it settled around 0.7200/05

  • Resistance is at the 10-day MA at 0.7261 and break would ease the pressure

  • Support is at the Sep 29 low at 0.7170 and break targets 2021 low at 0.7106

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

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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