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
Source:
Refinitiv IFR Research/Market Commentary