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Nov 26 - 06:55 AM

AUD/USD - Holds Above 0.7350 After Scaling Fresh 12-Week Peak

By Rob Howard  —  Nov 26 - 05:30 AM
  • AUD/USD elicited support ahead of 0.7350 after retreating from 0.7374

  • 0.7374 = fractionally fresh 12-week peak (at 0749GMT)

  • 0.7350 is a former resistance level (which was vaulted on Tuesday)

  • Recent gains for risk-sensitive AUD fuelled by rise in risk appetite

  • Copper near 7-year high nL1N2IC04Z. Nikkei hits 29-year high nL1N2IC08S

  • 0.7325 (Wednesday's low) and 0.7300 are AUD/USD support points below 0.7350

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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