Free Trial

*Nov20 Aussie-dollar open $0.7563,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Nov20 Aussie-dollar open $0.7563, range $0.7549 to $0.7572
*Aussie opened in Asia toward the lower side of Friday's $0.7536 to $0.7608
range, where risk-aversion and upbeat US economic data placed the Aussie on the
defensive.
*With the focus on euro-dollar and euro crosses following the collapse of German
coalition talks, consolidation was the theme for the Aussie. The pair idled
aimlessly between $0.7549 and $0.7572, with little in the way of flows to
report.
*Option expiries for today include; $0.7630(A$275mn), $0.7640-50($579mn) and
$0.7660(A$432mn)
*Resistance is located at $0.7672 (hourly high), while key-support is located at
$0.7531 (61.8% fib $0.7160-$0.8125).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });