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Jan 03 - 06:55 AM

AUD/USD - Falls To 0.67 As Greenback Catches New Year Bid

By Rob Howard  —  Jan 03 - 04:35 AM
  • AUD/USD hits 0.6695 after extending south from 0.6834 (Asian session high)

  • 0.6695 is lowest level since Dec 26 (0.6834 was highest level since Dec 15)

  • Drop to 0.6695 fuelled by across-the-board buying of the USD nL8N33O1CA

  • Support points include 0.6679 (Dec 26 low), 0.6650 and 0.6629 (Dec 20 low)

  • 0.6752 (Dec 30 low) is now a resistance level. 0.6794 was Monday's low

  • Dec 13-14 FOMC meeting minutes due Wednesday; U.S. jobs report due Friday

Source:
Refinitiv IFR Research/Market Commentary

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