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Dec 23 - 02:36 AM
AUD/USD - Short-Covering Continues As China News Helps
First appeared on eFXplus on Dec 22 - 10:15 PM
  • AUD/USD continues to grind higher and is near the session high at 0.6911

  • Pair is starting to establish a toe-hold above the 200-day MA at 0.6904

  • Report that China is cutting some import duties helping to support AUD nB9N28L00K

  • Next resistance for AUD/USD is at the Dec 13 high at 0.6939

  • Support at 0.6838 where double-bottom converges with 21 & 55-day MAs

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