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Nov 23 - 09:55 PM

AUD/USD - November High In View, As Fed Expectations Cap USD

By Andrew M Spencer  —  Nov 23 - 07:25 PM

  • +0.1% in early Asia after closing +1.25%, with risk 'on' USD weakness

  • FOMC, majority of Fed officials see slowdown in rate hikes 'soon'

  • Pace of Fed hikes to slow, but yield ceiling data dependant nL1N32J1JB

  • AUD supported by 'cup half full' investors, hoping for a strong Q4

  • Techs; momentum studies edge higher 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands expand - overall a strong positive setup

  • 0.6557, 38.2% of Oct/Nov rise and 0.6562 21 DMA initial key support

  • 0.6637 London low and the 0.6787 November high first support resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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