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Dec 29 - 05:55 PM

AUD/USD - Opens Higher As Equities Rally And USD Swoons

By John Noonan  —  Dec 29 - 05:20 PM
  • AUD/USD opens +0.53% after USD broadly fell and equity markets rebounded nL1N33J0X9nL1N33J1UX

  • It was another whippy trading day - as AUD/USD fell to 0.6710 at one stage

  • Bids @ 0.6700 and the 10-day MA (0.6722) should provide support on dips

  • Sellers are tipped around 0.6800 with key resistance at 200-day MA at 0.6863

  • Range trading likely as the market thins out on the last trading day of 2022

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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