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Dec 18 - 10:55 PM

AUD/USD - Tracks Higher As USD Broadly Eases And Equities Settle

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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