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Dec 13 - 12:12 AM
AUD/USD - Settles Around 0.6920 After Early Break Higher
First appeared on eFXplus on Dec 12 - 10:00 PM
  • AUD/USD traded to 0.6939 after a flood of good news sent risk higher

  • Pair traded up to 0.6913 on US-China trade deal news late in US session nL1N28M1JR

  • Exit poll showing resounding Conservative win sent AUD/USD to 0.6939 nL8N28M6YT

  • Sellers stacked ahead of 0.6950 discouraged further buying

  • AUD/USD settling around 0.6920, but sentiment remains bullish nL4N28M56D

  • Former resistance at 200-day MA at 0.6910 now support and close above would be bullish

  • Not much resistance ahead of the psychological 0.7000 level







aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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