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Dec 30 - 07:55 PM

AUD/USD - Backs Away From Key Resistance As USD Gains On Data

By John Noonan  —  Dec 30 - 05:35 PM
  • AUD/USD opens unchanged after failing to break resistance between 0.7275/90

  • It traded to 0.7275 before strong US jobless claims data underpinned USD nL1N2TF190nL1N2TF0OH

  • The 50% of 0.7555/0.6994 is 0.7274, 55-day MA 0.7276 & 100-day MA is 0.7287

  • AUD/USD is trending higher as the year-end risk rally helping sentiment

  • Support is at the 10-day MA at 0.7215 and break would ease upward pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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