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Dec 23 - 07:55 PM

AUD/USD - Trend Higher Locks In As Risk Rallies In To Year-End

By John Noonan  —  Dec 23 - 06:04 PM
  • AUD/USD opens 0.37% higher as recovery has turned into a trend higher

  • The 'Santa rally' in equities underpinning AUD against the USD and JPY nL1N2T828NnL1N2T81SQ

  • The 5, 10 and 21-day MAs are in a bullish alignment and tilting higher

  • Resistance is at 50% of 0.7555/0.6994 move at 0.7274 and 55-day MA at 0.7290

  • Support is at the 10-day MA at 0.7168 and the 21-day MA at 0.7139

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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