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Jan 24 - 06:12 AM

AUD/USD - Offers May Be Lurking Near The 200DMA Again

By Rob Howard  —  Jan 24 - 04:15 AM
  • Fresh offers may emerge near 0.6880 if AUD/USD extends north from 0.6830

  • 0.6880 is the 200DMA. 0.6857 = intra-day high. 0.6830 was Thursday's low

  • Offers just shy of the 200DMA capped AUD/USD after Aussie jobs beat Thursday

  • Subsequent drop to 0.6830 influenced by China virus concerns nL1N29S09J

  • 0.6830 = three pips shy of Wednesday's six-week low. 0.6838 was Asia low

  • China shuts transport and temples as virus toll rises to 25 nL4N29T040

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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