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Jan 18 - 11:55 AM

AUD/USD - Holds Below 0.77 After Lift From Two-Week Low

By Rob Howard  —  Jan 18 - 09:47 AM
  • 0.7688 is high water-mark for AUD/USD since its European am drop to 0.7659

  • 0.7659 = lowest level since Jan 4 (0.7643 was the low that day)

  • Drop to 0.7659 was influenced by news of U.S. FX policy under Yellen

  • Treasury nominee Yellen to say U.S. does not seek weaker USD - WSJ

  • See: nL1N2JS0LP. Modest copper price rise is source of support for AUD

  • See: nL1N2JT0O4. 0.7700-10 is a resistance window (0.7710 was Asia high)

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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