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Nov 11 - 05:55 PM

AUD/USD - Consolidation Continues As Factors Offset

By John Noonan  —  Nov 11 - 05:00 PM
  • AUD/USD set to open within 10 pips of 0.7280 for third straight day

  • Broad risk rally after US election and vaccine optimism underpin AUD

  • Rising US yields and broadly firming USD capping rallies for now

  • Buyers ahead of 0.7250 continue to emerge on dips

  • Resistance at triple-top at 0.7340/45 - with sellers ahead of 0.7350

  • No key data today, so AUD/JPY flows and AXJ equities to influence direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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