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Jan 13 - 11:00 PM
AUD/USD - Easing Below 200-Day MA As Longs Pare Back
First appeared on eFXplus on Jan 13 - 09:00 PM
  • AUD/USD easing below 200-day MA at 0.6890 as recent longs pare back

  • USD broadly bid in quiet Asian trading after USD/JPY broke above 110.00

  • AUD/USD support around 0.6850, which has held dips on three occasions

  • Failure to break resistance at 0.6920 yesterday discouraging longs

  • The 10 and 21-day MAs converge with the 38.2 of 0.7042/0.6849 at 0.6920







aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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