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Nov 08 - 07:24 AM
AUD/USD - Drops To Threaten Thursday's One-Week Low
First appeared on eFXplus on Nov 08 - 05:15 AM
  • AUD/USD hits 0.6869 after extending south from 0.6913 (Thursday's high)

  • Bids may emerge near 0.6862 (Thursday's 1-week low) if pair continues lower

  • 0.6862 preceded China/US agreeing tariff rollback if phase 1 deal completed

  • See: nL3N27N228. Dovish RBA SoMP is helping weigh on the AUD nL3N27O1DX

  • AUD/USD was trading around 0.6900 when the SoMP was released at 0030GMT

  • 0.6850 (21DMA/approximate Oct 30 low) is a support point under 0.6862

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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