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Dec 23 - 10:55 PM

AUD/USD - Recovers From Early Dip In Quiet Asian Session

By John Noonan  —  Dec 23 - 09:55 PM
  • AUD/USD opened +0.37% at 0.7242 as risk rally continued nL1N2T828N

  • Light profit taking in early Asia sent it down to 0.7228 before bids emerged

  • Heading into the afternoon it is setting around 0.7235/40

  • AUD/USD is trending higher with 5, 10 & 21-day MAs in a bullish alignment

  • Resistance is @ 50% of 0.7555/0.6994 move at 0.7274 and 55-day MA at 0.7490

  • Support is at the 10-day MA at 0.7168 and 21-day MA at 0.7139

  • Bias is for higher as year-end approaches

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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