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Dec 28 - 10:55 PM

AUD/USD - Recovers Most Of Early Dip In Quiet Asian Morning

By John Noonan  —  Dec 28 - 10:02 PM
  • AUD/USD opened -0.18% at 0.7227 after risk asset rally paused on Tuesday nL1N2TD1G3nL1N2TD0Z3

  • It came under pressure early Asia and fell to 0.7213 at one stage

  • Bids returned and the AUD/USD recovered to settle around 0.7225

  • Support at 10-day MA @ 0.7194 and break would suggest trend higher is waning

  • Resistance is at the 50% of 0.7555/0.6994 move at 0.7274

  • More resistance is at 0.7280/90 where the 10 & 21-day MAs converge

  • Sideways consolidation likely into year-end

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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