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Jan 04 - 10:55 PM

AUD/USD - Consolidates As Risk Assets Slip In Asia

By John Noonan  —  Jan 04 - 09:59 PM
  • AUD/USD opened +0.65% at 0.7238 after getting a boost from AUD/JPY demand

  • After trading 0.7243 it came under slight pressure during the Asian morning

  • It fell to 0.7231 when AXJ equity index fell 0.80% and E-minis slipped 0.26%

  • Bids emerged and AUD/USD is around 0.7235 into the afternoon session

  • Support at 21-day MA at 0.7193 and close below shifts pressure to downside

  • Resistance is at the 100-day MA at 0.7287 and break targets 61.8 at 0.7341

  • Moves in equities and AUD/JPY flows key for short-term direction

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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