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Dec 27 - 10:55 PM

AUD/USD - Ends Morning Higher As Risk Appetite Improves

By John Noonan  —  Dec 27 - 10:10 PM
  • AUD/USD opened 0.6733 and eased to 0.6719 in early Asia

  • Move coincided with broad USD strength - led by USD/JPY after BOJ summary nL1N33I00X

  • Asian equity markets opened lower but clawed back ground late morning nL4N33I0A4

  • Late morning the AXJ index was plus 0.07% and E-minis were +0.10%

  • AUD/USD moved higher and was supported by 1.35% rise in Lon copper

  • Talk of AUD/JPY buying also underpinned AUD/USD

  • AUD/USD traded up to 0.6750 before settling around 0.6740

  • Resistance is at Tuesday high at 0.6775 and 61.8 fibo at 0.6792

  • Support is at the 10-day MA at 0.6706 and break would ease upward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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