By John Noonan — Jan 04 - 05:40 PM
AUD/USD opens +1.65% as AUD outperformed on news China to lift Aus coal ban nL1N33P0H8
AUD/JPY soared 2.85% - as JPY was heavily sold against the AUD and CAD
USD weakened across the board as Fed minutes failed to boost US yields nL1N33P1HM
AUD/USD traded above the 200-day MA (0.6849) but failed to close above
It topped out at 0.6886 with sellers tipped ahead of 0.6900
More resistance is at the 50% of the 2022 fall at 0.6915
Support is at the 10-day MA at 0.6771 and 21-day MA at 0.6756
Key in Asia will be Tokyo reaction to AUD/JPY rise and Asian equity moves
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary