AUDUSD Insight

Hello, subscribers!
Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!

Key Points
- For the first time since the war in Ukraine began, U.S.-approved long-range missiles were fired into Russian territory. In response, Russia hinted at revising its nuclear doctrine, suggesting a possible use of nuclear weapons.
- Despite this, both Russia and Ukraine appear to be avoiding further escalation, and the U.S. shows little intention of deeper involvement, which suggests the situation may not pose a major risk.
- Risk appetite for assets is expected to strengthen after NVIDIA announces its Q3 earnings on November 21.

Key Economic Indicators Schedule
- November 20: U.K. October CPI
- November 22: Japan October CPI

AUD/USD Chart Analysis
AUD/USD has shown support near the recent lows and has broken through the 0.65200 level, which was a key resistance area. Based on the current trend, further gains toward the 0.66000 level are expected. If it manages to break through the 0.66000 level, a rally toward the 0.69000 level could follow.

However, if a downtrend occurs near the 0.66000 level, it may be necessary to reassess the recent lows. In that case, a new strategy will be promptly developed.