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Jan 04 - 05:55 PM

AUD/USD - Opens Lower After Cautious Start To 2021

By John Noonan  —  Jan 04 - 05:12 PM
  • Investors took some risk off the table as short term risks weighed

  • Wall Street fell between 1.25% and 1.5% and the Vix shot up 18%

  • Georgia Senate runoffs and concerns over COVID vaccine roll-out weighed nL1N2JF2G4

  • AUD/USD opens 0.35% lower at 0.7665, as USD firmed through the US session

  • Resistance has formed at 0.7740/45 with sellers tipped ahead of 0.7750

  • Support is at the 21-day MA @ 0.7573 and break would suggest top is in place

  • AUD/USD upside likely limited ahead of Georgia election runoff

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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