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Dec 31 - 02:55 AM

AUD/USD - Idles Below Key Resistance In Slow Holiday Trading

By John Noonan  —  Dec 30 - 10:23 PM
  • AUD/USD opened unchanged at 0.7250 after topping out at 0.7276

  • In a quiet Asian morning it idled in a 0.7245/56 range

  • There wasn't any reaction to better than exp3ected China PMI nAZN01ZZJK

  • AUD/USD faces stiff resistance between 0.7275/90 that may stall trend higher

  • The 55-day MA is at 0.7277 and the 100-day MA is at 0.7288

  • A break above 0.7290 targets the 61.8 of 0.7555/0.6994 move at 0.7341

  • Support is at 10-day MA at 0.7216 and break would suggest a top is forming

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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