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Jan 04 - 07:55 AM

AUD/USD - Threatens 0.69 After Coal-Fired Gains

By Rob Howard  —  Jan 04 - 05:45 AM
  • AUD/USD hit 0.6885 at 0924 GMT after extending north from 0.6718 (Asia low)

  • 0.6885 is highest level since Dec 13 (0.6893 was 13-week high that day)

  • Ascent to 0.6885 aided by Hang Seng's 3.2% gain and coal news reports

  • China allows four firms to resume coal imports from Australia - sources

  • See: nL4N33P1K7. 0.6852 and 0.6834 are now AUD/USD support points

  • 0.6852 is the 200DMA. 0.6834 was Tuesday's high (before drop to 0.6689)

Source:
Refinitiv IFR Research/Market Commentary

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