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Nov 23 - 05:55 PM

AUD/USD - Opens Lower As Yuan And Commodities Weaken

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

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