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Nov 04 - 09:48 PM
AUD/USD - Shrugs At Possible US Removal Of Some China Tariffs
First appeared on eFXplus on Nov 04 - 08:05 PM
  • AUD/USD edged up on possible lifting of US tariffs on China nL2N27K1VK

  • But reaction was very muted with RBA meeting ahead nL3N27K3F3

  • Tentatively out of Bollinger uptrend channel, after o/n drop

  • Needs to close Tuesday above 0.6886 to resume bullish bias

  • That would set it back on the path toward test of 200 DMA 0.6953

  • Likely RBA hold, reiteration of dovish stance offsets risk appetite

Refinitiv IFR Research/Market Commentary


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