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Jan 05 - 09:48 PM
AUD/USD - Back Above 0.6950 As AUD/JPY Recovers Early Losses
First appeared on eFXplus on Jan 05 - 07:35 PM
  • AUD/JPY almost back to flat after being down over 0.40% earlier

  • Tokyo likely buying AUD/JPY after Japan 4-day holiday

  • AUD/USD back above 0.6950 and in positive territory for the day

  • Mood in Asian remains cautious so AUD upside likely to be limited

  • AUD/USD resistance @ 10-day MA @ 0.6966 and break relieves downward pressure

  • Support at 38.2 of 0.6754/0.7032 at 0.6936 validated by bounce






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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