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TDUX
Nov 05 - 08:55 PM
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AUD/USD - Steadies In Asia, But Traders Remain On High Alert

By James Connell  —  Nov 05 - 07:57 PM

• AUD/USD +0.1% Fri, but still 1.2% below Thur 0.7024 high on soured sentiment

• Markets wary of broad risk-off contagion stemming from AI trade rout

• AUD ultimately targets 0.6865 support, break would open door for bigger move

• National Australia Bank's Irvine warns on growing risk of AU recession

• Hauser says public confidence in RBA's ability to counter inflation at risk

• U.S. Oct non-farm payrolls due Fri, Reuters poll consensus +65k (prior +29k)

• Range Asia 0.69245-42 support 0.6865 0.6835, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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