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Jan 21 - 07:55 PM

AUD/USD - Opens Higher But Sellers Ahead Of 0.7800 Cap For Now

By John Noonan  —  Jan 21 - 05:47 PM
  • AUD/USD opens 0.23% higher at 0.7765 after trading to 0.7784

  • Firm commodities and broad USD weakness underpinning AUD/USD

  • Talk of sellers ahead of 0.7800 limiting upside for now

  • Support is at 10-day MA @ 0.7734 and close below shifts pressure to downside

  • Resistance is at 0.7805/20 where daily highs were made since Jan 6

  • Aus retail sales for December today with market expecting -2.5% M/M

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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