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Dec 24 - 05:00 AM
AUD/USD - Holds Above 200DMA As Christmas Looms
First appeared on eFXplus on Dec 24 - 03:15 AM
  • AUD/USD has held above 0.6903 (200DMA) through Christmas Eve-to-date

  • The pair posted its first solid close above 200DMA since Mar 2018 on Monday

  • See: nL1N28Y006. 0.6930 was Asia top, high since Dec 13 nL1N28Y01V

  • 0.6928 was Monday's high, after AUD benefitted from news out of China

  • China to lower import tariffs on some produts from Jan 1 nL4N28X0GI

  • 0.6939 (Dec 13, 20-week high) and 0.6950 are resistance levels beyond 0.6930

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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