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Dec 09 - 12:12 AM
AUD/USD - Modest Move Lower In Quiet Asia
First appeared on eFXplus on Dec 08 - 09:50 PM
  • AUD/USD traded to 0.6830 from New York closing level at 0.6843

  • Heading into the afternoon it is hovering just above the session low

  • Mixed China trade data released on weekend had little impact nL4N28I11X

  • Market side-lined ahead of key events this week nL4N28I0N9

  • AUD/USD support at 0.6810 where the 10, 21, 55 and 100-day-day MAs converge

  • Usually such dense convergence signals there is a break-out coming soon

  • More support at the 61.8 of the 0.6754/0.6862 move at 0.6795

  • Resistance formed around 0.6860 where decent selling orders are tipped






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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