By John Noonan — Dec 18 - 10:30 PM
AUD/USD gapped higher to open 0.6715 after closing at 0.6686 Friday
Gap higher due to USD/JPY sliding on report government considering changing BOJ statement nL1N33901A
Both USD/JPY and AUD/USD filled early gap and AUD/USD eased to 0.6684
AUD/USD regained upward momentum when USD/JPY selling resumed
Asian equity markets were settled and added support to the AUD/USD
AUD/USD traded to 0.6724 before settling around 0.6715 into the afternoon
Resistance is at the 21-day MA at 0.6737 and 10-day MA at 0.6754
Support is at the 100-day MA at 0.6667, which held on dips last week
Moves in AUD/USD likely to be dictated by risk sentiment in immediate term
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Source:
Refinitiv IFR Research/Market Commentary