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Derived real-time data in partnership with:
Thomson Reuters
Jan 08 - 11:00 PM
AUD/USD - Settles Around 0.7150 After Decent Resistance Holds
First appeared on eFXplus on Jan 08 - 08:00 PM
  • AUD/USD settling around0.7150 after weak Aus Bldg Appls capped rally
  • The pair traded to 0.7171 - short of decent resistance at 0.7177
  • The 55 & 100-day MAs converge @ 0.7177 & break targets Dec 13 high @ 0.7247
  • AUD likely to remain broadly bid while US/China trade deal optimism persists
  • AUD was proxy for US/China trade war fears & global growth concerns genrally

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Source:
Thomson Reuters IFR Markets

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