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Nov 20 - 09:55 PM

AUD/USD - Under Pressure As Asia Turns Risk Averse

By Krishna K  —  Nov 20 - 08:25 PM
  • AUD/USD down 0.2% as S&P E-Mini surrenders early gains, drops 0.3%

  • Rising COVID cases & fresh restrictions in China sour risk appetite

  • Beijing, Guangzhou tighten restrictions nL1N32G03PnB8N2YE01B

  • Minutes from Fed’s Nov policy meeting Wed & Fed speakers eyed this week

  • Robust Australian economy, RBA rate hike expectations limit downside

  • Support 0.6630-35, 0.6590-0.6600, resistance 0.6725-30, 0.6750-55

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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