Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Nov 01 - 07:55 PM

AUD/USD - Opens Higher As US Yields Fall And Equities Rise After Fed

By John Noonan  —  Nov 01 - 06:00 PM
  • AUD/USD opens +0.88% after US yields fell following Fed decision nL1N3C2307

  • The final verdict was the Fed wants to end tightening cycle if data permits nL1N3C11XT

  • Fed Chair Powell acknowledged higher bond yields are impacting Fed's view

  • Wall Street rise underpinned AUD, as it was best performing major currency

  • View Fed finished contrasts with rising expectations RBA will hike Tuesday

  • AUD/USD trading above 55-day MA (0.6394) for fist time since August 1

  • Sellers tipped at 0.6400 - but a clear break targets Oct 11 high at 0.6445

  • Key resistance is at 38.2 of 0.6895/0.6271 move at 0.6509

  • Support is at the 10-day MA at 0.6347 with bids tipped at 0.6315/20

  • Key in Asia will be AUD/JPY flows and reaction in Asian equity markets

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved