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Dec 29 - 10:55 PM

AUD/USD - Steadies Above 0.6760 After AUD/JPY Sales Weighed Early

By John Noonan  —  Dec 29 - 09:55 PM
  • AUD/USD opened +0.53% at 0.6776 after USD broadly weakened nL1N33J0X9

  • It came under pressure early Asian when AUD/JPY selling flows weighed

  • AUD/JPY fell over 0.50% to 89.55 while AUD/USD slipped to 0.6752

  • It recovered to 0.6765 heading into the afternoon session

  • Support is at the 10-day MA at 0.6721 with bids eyed around 0.6700

  • Resistance is at the 200-day MA at 0.6863 with sellers around 0.6800

  • Market likely to be thin heading into year-end

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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