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Nov 19 - 08:36 AM
AUD/USD - Tests Monday High After Rising From RBA-Spurred Low
First appeared on eFXplus on Nov 19 - 06:00 AM
  • AUD/USD tests 0.6823 (Monday's high) after extending north from 0.6785

  • 0.6785 was the Asian session low after dovish RBA minutes nL3N27Z0UC

  • Risk-sensitive AUD is benefitting from hope of a US-China trade deal

  • Hang Seng's 1.6% rise positive for AUD too nAZN18JR00nL8N27Z1V9

  • 0.6841 (Nov 14 high, before drop to 0.6770) is an obstacle beyond 0.6823

  • AUD/USD notched its Nov 14 high before weak Australian employment data

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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