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Dec 29 - 05:55 AM

AUD/USD - Weighed Down By Asian Equity Losses

By Rob Howard  —  Dec 29 - 03:45 AM
  • AUD/USD eases to 0.6722 as Asian equity losses weigh on risk-sensitive AUD

  • 0.6722 is lowest level since Wednesday's high of 0.6801 nL1N33I1LP

  • Mooted bids around 0.6700 may prop AUD/USD if it falls further

  • 0.6710 is 10-day moving average. 0.6695 is 61.8% Fibo of 0.6629-0.6801

  • Higher iron ore prices are source of support for AUD nL1N33J0A0

  • China to adjust trade tariffs on some goods from Jan 1 nL1N33J0BM

Source:
Refinitiv IFR Research/Market Commentary

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