By John Noonan — Nov 23 - 05:20 PM
AUD/USD opens 0.22% lower after a whippy start to the week
It traded as high as 0.7337 before sellers ahead of 0.7350 once again capped
USD turned broadly higher after US flash PMI was much better than expected nZON000PR3nL1N2I928I
AUD/USD fell as low as 0.7266 before a small bounce
AUD was also weighed down by a bounce in the USD/CNH and fall in commodities nL1N2I907BnL1N2I90SE
AUD/USD trend higher over as 5-day MA now pointing lower as price stalls
Talk of AUD/USD stops below 0.7250 and break targets support around 0.7220
The Nov 13 low and the 21-day MA converge around 0.7220
For more click on FXBUZ
aud/usd Click here
Source:
Refinitiv IFR Research/Market Commentary