AUD/USD trading thinly just above 0.7200 to open the new week

Monday, 26 November 2018 08:57 WIB



The AUD/USD sees light trading volumes to walk through the door for the next trading week, sticking to levels near 0.7230.

A dour market approach to market sentiment sees the AUD largely hung up on familiar levels that the AUD/USD has been cycling around over the past month, and with little impetus for the AUD/USD to buckle down, continued mid-range action can be expected. This week sees little of note on the economic calendar for the Aussie, with an early-week speech from the Reserve Bank of Australia's (RBA) Mark Carney focused on topics other than monetary policy, and the rest of the week sees market focus turning towards the FOMC as a key driver for flows this week.

AUD/USD Levels to watch

The Aussie has seen little internal momentum develop over the past little while, instead seeing AUD traders getting pulled along with the frequent back-and-forth swings in broader market sentiment, and as FXStreet's own Valeria Bednarik noted, plays to the middle ground are likely to continue without broad-market shifts in risk appetite


  • The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy ...



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