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Jan 07 - 09:55 PM

AUD/USD - Well Bid In Asia As USD Broadly Eases

By John Noonan  —  Jan 07 - 08:55 PM
  • AUD/USD up around 0.25% to 0.6730, as USD eases across the board

  • AUD/USD bottomed at 38.2 of the Oct-Dec rise @ 0.6641 after Friday's US NFPs

  • More support at 0.6585 where the 55 and 200-day MAs converge

  • Bulls encouraged to buy, as the support might be a bottom for now

  • Resistance is at the 10-day MA at 0.6777

  • Flows are limited with Japan holiday impacting liquidity

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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