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Nov 26 - 10:55 PM

AUD/USD - Idles In Holiday-Affected Session

By John Noonan  —  Nov 26 - 10:10 PM
  • AUD/USD opened 0.10% lower at 0.7357 after idling during US Thanksgiving

  • It traded between 0.7354-63 for most of the morning with light volumes

  • Unfazed by China's temporary anti-dumping measures on Aus wine nL1N2ID01L

  • Resistance has formed ahead of 0.7375 where sellers are tipped

  • A break above 0.7380 targets the 2020 high at 0.7413

  • Support is found around 0.7325 where hourly lows and 10-day MA converge

  • Sentiment remains bullish with key commodities in heavy demand nL1N2IC0HQ

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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