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Dec 30 - 05:55 PM

AUD/USD - Outperforms In Broad USD Sell-Off

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

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