By John Noonan — Jan 07 - 05:47 PM
AUD/USD opens 0.5% lower as higher US yields and weaker CNH weigh nL1N2JI1MX
Overcrowded short USD positions took some profit to weigh on AUD/USD
Move lower in AUD/USD tempered by rising risk assets
S&P and NY copper rose 1.4% as hopes of US stimulus support growth nL1N2JI2ZF
AUD/USD resistance formed at 0.7815/20 where sellers are tipped
Support is at the 10-day MA at 0.7693 and 21-day MA at 0.7628
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Source:
Refinitiv IFR Research/Market Commentary