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Dec 18 - 01:55 AM

AUD/USD - Dips Below 0.7600 On End-Wk Squaring;0.7580 Support

By Krishna K  —  Dec 18 - 12:30 AM
  • AUD/USD down 0.35% in Asia as bulls pare positions ahead of weekend

  • Risk-off mood in Asia adds to negative tone; ASX 200 down 1%, E-Mini -0.2%

  • Border curbs imposed as Sydney virus cluster grows, caps Aussie rallies

  • Sino-AU rift weighs; China says regrets AU appeal to WTO over barley tariffs

  • Surge in prices for Australia exports delivers windfall for govt, supports

  • Interim 0.7638 target 38.2% of 2011-2020 drop reached Thur; p/taking ensues

  • Resistance 0.7640, 0.7677 June 2018 high; support 0.7570-80 previous highs

  • Related nL1N2IY00RnB9N2HK024nL4N2IX0OG

  • For more click on FXBUZ


AUD: Click here

Australia barley exports to China vs the rest of the World: Click here

Source:
Refinitiv IFR Research/Market Commentary

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