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Thomson Reuters
Dec 31 - 12:12 AM
AUD/USD - Maintaining Bid Tone As Risk Buoyant In Asia
First appeared on eFXplus on Dec 30 - 10:05 PM
  • AUD/USD grinding towards session high at 0.7060, as Asian markets buoyant
  • Pair gapped to 0.7060 in early trading on report of Trump/Xi phone call
  • Trump tweeted on the weekend that good progress was made in trade talks
  • AUD/USD had only a muted reaction to weaker China MFG PMI
  • After dipping to 0.7047 it found decent buying as AXJ equity index +0.6%
  • Support and buyers at 0.7015/25 with hourly support at 0.7038
  • Resistance at 10-day MA at 0.7070 and last week's high at 0.7077

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