By Krishna K — Nov 19 - 04:20 PM
AUD/USD posts modest gains Tuesday, poised to close 0.35% higher on the day
Supported by bounce in commodities; NYK copper +1.15%, Dalian iron ore +1.7%
Dip-buyers grow in confidence after solid base formation at 0.6440-50
RBA's hawkish stance supports; central bank in no rush to ease
China loan prime rate fixing eyed Wednesday; RBA Governor Bullock speak Thu
Initial resistance 0.6533, 38.2% of 0.6687-0.6441 drop; break opens 0.6564
Support 0.6510-15, 0.6480-85; Tuesday range 0.6483-0.6533
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Source:
Refinitiv IFR Research/Market Commentary