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Dec 08 - 10:55 PM

AUD/USD - Firmer, As USD Eases With Resilient Risk In Asia

By Andrew M Spencer  —  Dec 08 - 09:55 PM
  • +0.1% at the top of a 0.7405-0.7419 range, with regional stocks firmer

  • Westpac consumer sentiment climbed to a 10yr high nL1N2IO370

  • Strong data joined Tuesday's NAB business confidence nS9N2H600D

  • Data having a modest impact, after coronavirus distorted the economy

  • Charts; daily, weekly and monthly 5, 10 & 21 MAs all trend higher

  • Targets a test of 0.7516, 76.4% of the 2018-2020 fall, longer term

  • Close below 0.7398 10 DMA, tested Monday would suggest consolidation

  • Asian 0.7405 low and London 0.7435 high initial support-resistance

For more click on FXBUZ


aud 3 dec 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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