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Jan 04 - 01:55 AM

AUD/USD - Ending On A Strong Note After Whippy Start

By John Noonan  —  Jan 03 - 10:05 PM
  • AUD/USD traded to session high above 0.7720 after whippy start to the week

  • After closing Thursday at 0.7692 it traded to 0.7716 early in the session

  • A bout of AUD/JPY selling sent the AUD/USD down to Thursday's 0.7682

  • Buoyant Asian equities and broad USD selling underpinned at the lows

  • AUD/USD ending the morning at 0.7715 with 0.7720 high so far

  • Weaker Caixin manufacturing PMI largely ignored nZUN000N5K

  • Resistance is at Thursday's 0.7743 high where sellers are tipped

  • Support at Friday's 0.7682 low and 10-day MA at 0.7616

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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