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Nov 29 - 07:55 PM

AUD/USD - Opens Higher But Still In Down-Trend

By John Noonan  —  Nov 29 - 05:24 PM
  • AUD/USD opens +0.40% after firming late in the US session

  • Risk rally as Omicron fears subsided underpinned AUD/USD nL1N2SK2MOnL1N2SK0H0

  • Support at 2021 low at 0.7106 continued to hold on dips

  • Resistance is at former support at 0.7170

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

  • A break above 10-day MA at 0.7200 would warn a bottom is forming

  • China PMI today may impact AUD sentiment

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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