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Refinitiv
Jan 07 - 11:00 PM
AUD/USD - Strong Bounce After 0.6850 Holds
First appeared on eFXplus on Jan 07 - 09:00 PM
  • AUD/USD fully recovered early losses to 0.6850 and now around 0.6870

  • S&P futures still down close to 1.0%, but well off the lows

  • AUD/JPY has recovered as well with Tokyo names seen on dips

  • Market showing restraint and resilience with bargain hunters on dips nL1N29D006

  • Traders keeping a close eye on the tapes to see if US retaliates

  • AUD/USD resistance at \200-day MA at 0.6895 and break eases pressure

  • Support at the 100-day MA at 0.6830 with buyers at 0.6840






Source:
Refinitiv IFR Research/Market Commentary

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