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Thomson Reuters
Jan 06 - 09:48 PM
AUD/USD - Bid In Early Asia As USD Trades With Offered Tone
First appeared on eFXplus on Jan 06 - 06:30 PM
  • AUD/USD bid after completing bullish outside week from multi-year low
  • Resistance at 61.8 of 0.7394/0.6715 move at 0.7134
  • Break above targets the 55-day MA at 0.7174 and 100-day MA at 0.7182
  • Close support at 21-day MA at 0.7102 and former hourly resistance at 0.7055
  • Key today will be reaction in Asian equities to big gains in risk assets
  • Japan AUD/JPY flows also key after Tokyo holiday and Thursday flash crash

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Thomson Reuters IFR Markets


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