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Dec 29 - 02:55 AM

AUD/USD - Firms Despite Risk Aversion As USD Broadly Weakens

By John Noonan  —  Dec 28 - 10:40 PM
  • AUD/USD opened +0.10% at 0.6739 as AUD outperformed on higher Aus yields

  • After trading 0.6734 it moved higher when Tokyo sold USD/JPY

  • USD/JPY fell 0.74% at one stage and AUD/USD traded up to 0.6754 nL4N33J0C9

  • Equity markets in Asia fell and capped AUD/USD gains

  • AUD/USD is trading around 0.6745 heading into the afternoon session

  • Support is at the 10-day MA at 0.6710 and break shifts pressure to downside

  • Key resistance is at the 200-day MA at 0.6866 with sellers around 0.6800

  • AUD will likely be vulnerable while risk mood remains sour

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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