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Nov 11 - 05:55 PM

AUD/USD - Opens Lower As USD Strength Extends

By John Noonan  —  Nov 11 - 05:09 PM
  • AUD/USD opens -0.50% after USD strength extended for a second day

  • Trading was thin due to US bond market being closed for Memorial Day

  • AUD/USD losses limited by rise in key commodities and EM assets nL1N2S20JOnL1N2S221W

  • Minor support for AUD/USD is at the 76.4 0f 0.7170/0.7555 move at 0.7261

  • Resistance is at the 55-day MA at 0.7364 and break would ease pressure

  • Bias is for a lower AUD/USD ovr the coming sessions

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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