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Dec 28 - 06:55 AM

AUD/USD - Respects Tuesday's High After Half-Cent Rise

By Rob Howard  —  Dec 28 - 04:55 AM
  • AUD/USD met headwind just shy of 0.6775 after extending north from 0.6720

  • 0.6775 was Tuesday's high. 0.6720 was Asian session low nL1N33I03K

  • Half-cent climb aided by rise in risk appetite (AUD is risk-sensitive)

  • Hang Seng up 1.6% nL1N33I0A9. Copper scales two-week peak nL1N33I07D

  • Resistance levels beyond 0.6775 include 0.6792, 61.8% Fibo of 0.6893-0.6629

  • 0.6893 was 13-week high on Dec 13. 0.6629 was 4-week low last week (Dec 20)

Source:
Refinitiv IFR Research/Market Commentary

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