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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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.