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Nov 25 - 06:55 AM

AUD/USD Setback Limited By AUD/NZD - Fri Close Is Key

By Richard Pace  —  Nov 25 - 05:14 AM
  • AUD/USD weighed by broader USD strength but downside progress slow

  • Dovish RBNZ weighed NZD, lifted AUD/NZD, and helps underpin AUD/USD

  • Potential for a more hawkish RBA tone in to 2022 would help AUD

  • However, AUD/USD trades around 200-weekly moving average at 0.7195

  • Thur low 0.7181, Break of 29 Sep low 0.7171 opens Aug and 1 year low 0.7107

  • Close below the 200-weekly average Friday may embolden more tech sellers

  • Regaining 10-dma 0.7260 can help to ease pressure

For more click on FXBUZ


AUD=D3 WEEKLY CHART Click here

Source:
Refinitiv IFR Research/Market Commentary

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