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November 23, 2017 17:26 GMT
Aud/Usd: European open $0.7620,......>
AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: European open $0.7620, range $0.7609-39, NY open $
0.7634, range $ 0.7621-37
* The pair remained in consolidation mode in much of Asia with trade tied to a
narrow $0.7604-23 range.
* The quiet theme initially spilled over into Europe, as traders remained on the
side-line early dealings were largely held between $0.7610-20.
* Demand was reported on approach to $0.7600 area from where the pair rose
sharply and made intra-day high of 0.7639.
* Supported by firmer gold prices, Aud/Usd held near the peak of its $0.7604-39
daily range before fading back.
* Next resistance is seen at $0.7642/50 (T-line res off $0.8102 high, Nov14
high).
* Markets remained thin due to Thanksgiving Day holiday in the US.
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