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