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Jan 06 - 05:55 PM

AUD/USD - Opens Lower As Risk Aversion And Higher US Yields Weigh

By John Noonan  —  Jan 06 - 05:29 PM
  • AUD/USD opens 0.82% lower after a whippy Wall Street session nL1N2TM2ET

  • Rising US yields ahead of US payrolls later today also weighed nL1N2TM2CV

  • AUD/USD closed below 21-day MA (0.7192) - which suggests a top is in place

  • Support is at 50% of 0.6994/0.7277 move at 0.7135 and 61.8 0f move at 0.7102

  • Resistance is at 10-day MA at 0.7221 and break would ease downward pressure

  • AUD/USD will likely consolidate ahead of key US non-farm payrolls

  • Moves in Asia will be driven by AUD/JPY flows after Thursday's 1.0% drop

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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