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Nov 20 - 03:55 PM

AUD/USD - Bulls Hold Their Ground Despite Equity Weakness

By Christopher Romano  —  Nov 20 - 01:40 PM
  • U.S. equities .SPX fall but US$ trades generally lower on the session

  • AUD/USD gains in Asia added to in Europe's am, NY opens near 0.7310

  • US$ weakness persists, USD/CNH sinks near 6.500, 3-yr AU-US spreads tighten

  • AUD/USD trades up near 0.7325 but slips back near 0.7310 late in the day

  • Techs lean bullish, pair above 10-DMA, daily & monthly RSIs are rising

  • 0.7340/50 remains an impediment, if breaks 0.7410/15, 0.7445/55 targeted

  • For more click on FXBUZ








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Source:
Refinitiv IFR Research/Market Commentary

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