By John Noonan — Dec 30 - 04:52 PM
The AUD was the best performing currency Wednesday as USD broadly slumped
AUD/USD rose over 1.0% and is closing at a 33-month high around 0.7685
Market is positioning for a weaker USD in 2021 and a rise in risk assets nL1N2JA1RNnL1N2JA20D
Resistance at the April 2018 monthly high @ 0.7813 with sellers at 0.7700/20
Support now at former resistance at 0.7625/40 where buyers are tipped
Trading should be quiet - with year-end flows dominating price action
For more click on FXBUZ
aud/usd Click here
aud/usd 2 Click here
Source:
Refinitiv IFR Research/Market Commentary