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Jan 19 - 05:00 PM

AUD/USD - Opens The Week With A Bearish Tone As USD In Demand

Published on Jan 19 - 03:10 PM
  • AUD/USD opens the week looking a bit vulnerable after Friday's 0.32% fall

  • Lack of market moving news on the weekend likely to result in quiet start nL1N29N06Y

  • AUD/USD moving lower despite buoyant risk assets and EM strength

  • Broad USD strength and dovish RBA expectations weighing on sentiment

  • AUD/USD support at 0.6840/50 where a triple bottom and 100-day MA converge

  • Resistance at 0.6885 where the 10-day and 200-day MAs are found






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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