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Nov 09 - 06:55 AM

AUD/USD - Lower On RBA Views And Broad U.S. Dollar Recovery

By Peter Stoneham  —  Nov 09 - 05:30 AM
  • RBA's Bullock covering all bases but with a dovish leaning

  • Says RBA has already raised rates aggressively nS9N31B016

  • AUD/USD had been making progress above 0.6500 before Bullock rhetoric

  • Supported by buoyant Asia risk assets: AXJ index +0.47% & Dalian iron +2.75%

  • Dollar jitters ahead of U.S. mid-term election results also helping the AUD

  • Early Europe high of 0.8522 before slide to 0.6469

  • Hourly average support in the low 0.64s, 100 and 200HMAs

  • Resistance at Tuesday's 0.6551 high

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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