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Nov 07 - 07:55 AM

AUD/USD - Weighed Down By RBA's Relatively Dovish Hike

By Rob Howard  —  Nov 07 - 05:40 AM
  • AUD/USD falls to 0.6418 following RBA's relatively dovish 25 bps rate hike

  • 0.6418 is lowest level since Monday's 12-week peak of 0.6523 nL1N3C72Y2

  • USD supported by hawkish comments from Fed's Kashkari, in Fox News interview

  • Bids may emerge around 0.6400 (ex-resistance level) if AUD/USD falls further

  • 0.6400 approximates to 55-day moving average and 10-day moving average

  • China, Australia to restart annual meetings as trade resumes nL1N3C80HB

Source:
Refinitiv IFR Research/Market Commentary

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