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Dec 15 - 10:55 PM

AUD/USD - Recovers Some Ground As Markets Settle Down In Asia

By John Noonan  —  Dec 15 - 09:45 PM
  • AUD/USD opened -2.38% at 0.6700 after USD rallied on global growth concerns nL1N3352ZPnL1N33601N

  • Asian markets settled with AXJ index paring early losses to be down only 0.20%

  • AUD/USD rallied on short-covering and is at session high at 0.6730

  • Resistance is at the 21-day MA at 0.6737 and 10-day MA at 0.6757

  • Support is at the 100-day MA at 0.6670 and break targets 38.2 fibo at 0.6616

  • AUD likely to remain pressured while global growth fears intensify nL4N3354DB

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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