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AUD/USD holds key support level of 0.6450 as RBA dovish bets cool down
The AUD/USD pair stays above its key support level of 0.6450 from Wednesday. During the European trading session on Friday, the Aussie pair trades 0.1% higher to near 0.6490 as the Australian Dollar (AUD) outperforms its peers.
Fxstreet
Fri, Nov 7
AUD/USD: Major support at 0.6445 is unlikely to come under threat – UOB Group
Australian Dollar (AUD) could test 0.6460; the major support at 0.6445 is unlikely to come under threat. In the longer run, outlook for AUD is negative now, but last month’s low near 0.6445 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 7
GBP/USD slides below 1.3100 after BOE dovish hold – BBH
GBP/USD is down under 1.3100 after recovering to a high around 1.3140 overnight. The Bank of England (BOE) delivered a dovish hold yesterday. The BOE left the policy rate at 4.00% (70% priced-in) and signaled the bar is low to resume easing at the next December meeting, BBH FX analysts report.
Fxstreet
Fri, Nov 7
USD/CAD rebounds off 200-DMA – Société Générale
USD/CAD has regained momentum after defending major technical supports, with the pair now eyeing channel resistance near 1.4150 and higher projections toward 1.4240–1.4300, Société Générale's FX analysts note, Société Générale's FX analysts note.Fxstreet
Fri, Nov 7
Pound Sterling faces pressure amid BoE concerns over UK near-term demand outlook
The Pound Sterling (GBP) trades lower against its major currency peers on Friday, except second-level safe-haven currencies. The British currency has come under pressure after the Bank of England (BoE) decided to hold interest rates steady at 4%, with a narrow majority vote of 5-4.Fxstreet
Fri, Nov 7
GBP/JPY is pushing against 201.40 resistance supported by a softer Yen
The Pound is gaining momentum on Friday, benefiting from Yen weakness following soft Japanese household spending data. The pair bounced from lows around 200.70 earlier in the day, but is struggling to break above the previous two days’ highs, in the area of 201.40.
Fxstreet
Fri, Nov 7
USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zone
USD/CAD continues its winning streak for the seventh consecutive day, trading around 1.4120 during the European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.Fxstreet
Fri, Nov 7
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