By John Noonan — Jan 06 - 10:04 PM
AUD/USD opened 0.54% higher at 0.7803 after benefiting from risk rally
Market largely ignored extraordinary events in Washington D.C. nL1N2JH25T
AUD and risk was given a boost from fiscal hopes after Georgia election nL1N2JH0OOnL1N2JH2YB
AUD/USD traded to 0.7815 early before profit taking capped the rally
Pair tracked down to 0.7791 and was just above into the afternoon
Asian equity markets and E-mini futures remained buoyant in Asia
AUD/USD resistance is at the March 2018 weekly high at 0.7916
Support is at the 10-day MA at 0.7678
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Source:
Refinitiv IFR Research/Market Commentary