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Jan 06 - 03:48 PM
AUD/USD - Key Support Threatened On The Greenback's Recovery
First appeared on eFXplus on Jan 06 - 01:40 PM
  • US$ heavy in early NY but does little to help AUD/USD longs nL1N29B0A6

  • AUD/USD buoyed but cannot make a serious test of the 10-DMA

  • US$ rallies as Dec Markit service, comp ISM improves from Nov nZON000676

  • AUD/USD falls near 0.6925, gives techs a bearish tint nL1N29B0BW

  • Only a meager bounce off the low; mid-east, AU fires concern investors

  • 0.6880/0.6920 support threatened, break below targets 0.6810/15, 0.6750/55





chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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