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AUDUSD Approaching Key Resistance At 69c

AUD

AUDUSD has continued rallying during today’s APAC session on the back of stronger regional equities and commodity prices with iron ore trading around $140/t. It is approaching key resistance at 0.6900. It is currently up 0.3% to 0.6870, close to the intraday high and it is outperforming other major currencies. The USD index is down 0.2% as Fed rate cut expectations increase.

  • AUDNZD is below 1.08 again and is down 0.1% to 1.0791. AUDEUR is up 0.2% to 0.6180 and AUDGBP +0.2% to 0.5363. AUDJPY is flat at 97.08.
  • Equity markets are generally stronger with the ASX up a further 0.5% and the Hang Seng +0.9% but the Nikkei is down 0.5%. The S&P e-mini is up 0.1%. Oil prices are moderately higher with WTI up 0.3% to $74.33/bbl. Copper is up 0.1%.
  • Later US November trade data and weekly jobless claims print.
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