AUD/USD: well bid on prospects of a Clinton victory, but ...

Currently, AUD/USD is trading at 0.7749, down -0.24% on the day, having posted a daily high at 0.7780 and low at 0.7739.

US election update: what you need to know, so far - Clinton leading in polls by 7 points

The antipodeans have been doing well in the current risk-on environment and a preempted win for the democrats and Clinton. The general rule here is that a Clinton win is favourable to the markets as the status quo and while there are uncertainties to a degree, they are far less ambiguous or even conjectural as a Trump victory that would potentially set off a wave of risk off that tends not to favour the Aussie as investors look for safe haven rather than yield or the carry trade. However, as markets settle down and digest such an outcome, it could be quite favourable to, say, oil for example and could potentially derail the US dollar and thus support the Aussie. CNN on demographic information: Latinos in Florida polling better than expected for Trump

AUD/USD levels

Spot is presently trading at 0.7750, and next resistance can be seen at 0.7762 (Daily Classic R2), 0.7768 (Weekly Classic R2), 0.7769 (Monthly High), 0.7769 (Weekly High) and 0.7769 (Daily Open). Next support to the downside can be found at 0.7740 (Daily Classic R1), 0.7739 (Daily Low), 0.7727 (Hourly 20 EMA), 0.7722 (Weekly Classic R1) and 0.7700 (Daily Classic PP).