Wednesday, November 11, 2026

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FxWirePro: AUD/USD remains supported above hourly 200-SMA on Lowe's comments

AUD/USD opened Wednesday 0.7018 traded 0.7015-71 in Asia; last 0.7050, largely unchanged after RBA Lowe's comments Lowe said lower AUD helping Australia's economy adjust, but non-mining business investment needed, didn't…

By Jay L. Zagorsky
Updated 1 min read
EconoTimes — Reading the Times. Understanding the Future.

 

  • AUD/USD opened Wednesday 0.7018 traded 0.7015-71 in Asia; last 0.7050, largely unchanged after RBA Lowe's comments 

  • Lowe said lower AUD helping Australia's economy adjust, but non-mining business investment needed, didn't suggest RBA ready to take more easing action

  • The pair ignored Consumer Sentiment Index which tumbled 5.6% to 93.9 points in September from 99.5 in August

  • AUD/USD unable to extend gains beyond 0.7070 levels, but remains supported above hourly 200-SMA at 0.7036

  • Markets await US economic data and the crucial China CPI due later in the session and Australia employment report due tomorrow for further cues

  • Immediate resistance for the pair located at 0.7070 (Day's High), above which gains could extend to 0.7100 levels

  • On the flip side, support is seen at 0.7042 (Hourly Tenkan-Sen) ahead of 0.7036 (Hourly 200 SMA)

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team