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Jan 06 - 01:55 AM

AUD/USD - Firms In Asia As Markets Calm Ahead Of US Jobs

By John Noonan  —  Jan 05 - 10:15 PM
  • AUD/USD opened -1.27% at 0.6751 after USD rose on strong ADP jobs data nL1N33Q274

  • AUD/JPY buying in early trading helped to underpin AUD/USD

  • Asian markets rallied and helped AUD/JPY rise over 0.50% nL1N33R03G

  • E-minis are around 0.4% higher while the AXJ index is up 0.70%

  • AUD/USD tracking risk higher and has moved above 0.6780

  • Sellers are ahead of 0.6850 with double-top formed at 0.6885/95

  • Support is at the 21-day MA at 0.6753 and Jan 3 low at 0.6689

  • Key will be reaction to US non-farm payrolls later today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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