By Krishna K — Nov 14 - 10:30 PM
AUD/USD edges up in Asia as minor support at 0.6441, April 23rd low, holds
Light short-covering ahead of w/e after nearly 2% fall this week supports
Hawkish RBA outlook also buoys Aussie on crosses; AUD/JPY up 0.4% this week
Recovery muted though; Powell's caution on Fed rate cuts limits upside
China data scant relief as new home prices fall for 16th consecutive month
China Oct industrial output misses expectations, retail sales top forecast
0.6441 break opens 0.6408, low on April 22nd; Major support 0.6348-0.6362
Resistance 0.6490-0.6500, 0.6515-20; Asia range 0.6446-0.6465
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Source:
Refinitiv IFR Research/Market Commentary