Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 21 - 05:55 PM

AUD/USD - Opens Higher As Risk Rally And Cross Flows Support

By John Noonan  —  Dec 21 - 05:30 PM
  • AUD/USD opens +0.40% supported by Wall Street surge and firm commodities nL1N33B2ABnL1N33B0LX

  • AUD also underpinned by heavy short-covering in AUD/NZD

  • AUD/NZD up 1.20% after falling nearly 9% since early Oct - and was over-sold

  • AUD/USD resistance is at 0.6740/45 where the 10 & 21-day MAs converge

  • A break above 0.6745 would be bullish and target the 200-day MA at 0.6885

  • Support is at the 38.2 of the Oct/Dec rise at 0.6616

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!