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Nov 21 - 11:55 PM

AUD/USD - Better Bid As USD Broadly Eases Risk Assets Settle

By John Noonan  —  Nov 21 - 10:30 PM
  • AUD/USD opened -1.0% at 0.6604 after China concerns weighed nL1N32H1UH

  • After trading 0.6601 - it tracked higher as Asian markets steadied

  • The Nikkei rose 0.75% while E-minis edged 0.15% higher

  • AUD/USD traded up to 0.6625 before settling around 0.6620

  • Resistance is at the 10-day MA at 0.6654 and break would ease pressure

  • Support is at the 38.2 of the 0.6170/0.6997 move at 0.6557

  • Market likely to thin out as US Thanksgiving holiday approaches

  • AUD vulnerable while China COVID concerns weigh on global growth outlook

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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