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TDUX
Nov 04 - 11:55 PM
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AUD/USD Firms As Gold Surges, But Resistance Lurks Nearby

By James Connell  —  Nov 04 - 09:48 PM

• AUD/USD +0.2% Thur as risk sentiment uplift extends into Asia trading

• Gold +1.7% as USD & UST yields soften in wake of U.S. election result

• AUD near upper hourly Bollinger band, further topside progress will be slow

• 0.7068 mtd high would be tough to break, but doing so would enliven bulls

• AU trade surplus grew to 2.83 bln in Sep on stronger LNG and metals exports

• RBA Deputy Governor Andrew Hauser speaking at ANU Canberra Thur

• Range Asia 0.70011-215 support 0.6865 0.6835, resistance 0.7140 0.7282
AUD Hourly Bollinger Study & DXY Daily 55/100/200-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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