By John Noonan — Jan 03 - 05:25 PM
AUD/USD opens over 1.0% lower after USD strengthened across the board nL1N33O1HB
Fears of global slowdown weighed on commodities and impacted AUD nL1N33O033
AUD/USD completed a bearish outside day and closed below the 10-day MA
The next level of support is at the 38.2 of the Oct/Dec rise at 0.6616
Resistance is at the 10-day MA at 0.6743 and 200-day MA at 0.6851
Global growth fears likely to dominate flows in early 2023
AUD will likely struggle along with key commodities on demand concerns
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Source:
Refinitiv IFR Research/Market Commentary