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Dec 13 - 08:36 AM
AUD/USD - Holds Above 200DMA After Retreat From 20-Week Peak
First appeared on eFXplus on Dec 13 - 06:30 AM
  • AUD/USD is holding above 0.6910 (200DMA) as it consolidates recent-day gains

  • 0.6939 was 20-week high in Asia, after UK election exit poll nL1N28N02S

  • Prior AUD gains were fuelled by optimism about a China-U.S. trade deal

  • U.S. sets China trade deal terms, sources say, but Beijing mum nL1N28M1JR

  • Retreat from 0.6939 based a pip shy of 0.6910 (0.6913 was Thursday's high)

  • Mooted offers ahead of 0.6950 are an appreciation obstacle beyond 0.6939

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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