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Aud/Usd: Nov20 close $0.7546,........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: Nov20 close $0.7546, Nov21 Asia range $0.7532-58,
Europe $0.7535-72
*Aussie opened flat in Asia early dealings were seen light tied to a narrow
$0.7546-58 range
*Dovish RBA minutes which again highlighted uncertainty around weak wage growth,
started to pressure
*Aussie touched react lows of $0.7532 with added weight from a Morgan Stanley
report that said the Aud will probably drop to $0.65 cents in 2019 as the
nation's benchmark rate will eventually go below the Federal Reserve's
*Recovery efforts held shallow ahead of and into Europe, trade was largely held
within a tight 15 pip range
*Markets awaited a speech from Governor Lowe for direction. Remarks that said
"if economy improves next interest rate move more likely to be up," triggered
fresh appetite to $0.7572, before fading
*Next resistance is seen at $0.7574 (Nov20 high), offers placed behind on
approach to $0.7600. Last $0.7568.

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