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Dec 24 - 02:36 AM
AUD/USD - Sellers At 0.6930 Cap For Now
First appeared on eFXplus on Dec 23 - 10:05 PM
  • AUD/USD traded to 0.6930 in early Asia before sellers capped the rise

  • Heading into the afternoon it is trading around 0.6920

  • Monday close above 200-day MA at 0.6903 suggests further gains into year-end

  • Only a close below the 10-day MA at 0.6889 would suggest S/T top in place

  • More resistance at the Dec 13 spike high at 0.6939

  • A clear break above 0.6950 could see a run at the psychological 0.7000 level







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Source:
Refinitiv IFR Research/Market Commentary

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