By John Noonan — Dec 12 - 10:30 PM
AUD/USD opened -0.74% after firm US yields and weak commodities weighed nL1N3321R7nL1N3320GL
It moved higher early Asia on talk of AUD/JPY buying out of Tokyo
AUD/USD traded to 0.6774 before falling back to 0.6745 into the afternoon
AUD/USD support at 21-day MA at 0.6727 and break targets 38.2 fibo at 0.6590
Resistance is at a double-top formed around 0.6850
US CPI a key event later today and could determine direction for USD nL4N33304N
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Source:
Refinitiv IFR Research/Market Commentary