By John Noonan — Jan 10 - 09:53 PM
AUD/USD opened unchanged at 0.7767 before coming under pressure early
USD moved higher across the board as short positions continued to unwind
E-minis fell more than 0.60% adding more pressure on the AUD/USD
Some say Democrat plans to impeach Trump may hold up fiscal stimulus nL1N2JL07Z
It paused ahead of the 10-day MA at 0.7705 and settled around 0.7720
Selling returned later in the morning as risk assets came under pressure
AUD/USD traded down to 0.7693 before settling around 0.7705/10
Key support for the AUD/USD comes in at the 21-day MA at 0.7637
It has been above the 21-day since Nov 4 and break would warn of top forming
There wasn't any reaction to the stronger Aus retail sales nAZN0NVE00
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Source:
Refinitiv IFR Research/Market Commentary