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Dec 21 - 09:55 PM

AUD/USD - Moving Higher As USD Pressured And Equities Rise

By John Noonan  —  Dec 21 - 08:50 PM
  • USD coming under broad pressure - led by USD/JPY falling below 131.90

  • AUD/USD pushing above yesterday's 0.6728 high to a high so far at 0.6735

  • Resistance is at 0.6742/47 where the 10 & 21-day MAs converge

  • A break above 0.6750 opens the way for a run towards the 200-day MA @ 0.6885

  • AUD/USD also getting support from a 1.0% move up in the AXJ index

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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