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Nov 22 - 07:55 PM

AUD/USD - Opens Higher As China Concerns Fade And Risk Appetite Improves

By John Noonan  —  Nov 22 - 05:40 PM
  • AUD/USD opens +0.65% after USD broadly eased and risk assets gained nL1N32I24WnL1N32I2IPnL1N32I0J6

  • AUD/USD gains stalled ahead of the 10-day MA - which was at 0.6657 Tuesday

  • The 10-day MA comes in at 0.6676 today and should be decent resistance

  • Key event today will be RBNZ decision, which should spark some volatility nL4N32I05K

  • Bids tipped around 0.6600 with support at 38.2 of Oct-Nov low/high at 0.6557

  • After RBNZ it should be quiet with Japan away and US Thanksgiving Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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