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Jan 10 - 05:55 PM

AUD/USD - Edging Lower In Quiet Start But Remains Resilient

By John Noonan  —  Jan 10 - 05:06 PM
  • AUD/USD closed unchanged at 0.7768 on Friday despite USD gains elsewhere nL1N2JJ2EF

  • AUD/USDS was best performing major currency last week - rising 1.0%

  • Strong commodities, surging EM assets and rising Aus 10-year yield underpin

  • AUD/USD trending higher with 5, 10 & 21-day MAs in bullish alignment

  • Resistance at last week's 33-month high at 0.7819

  • Support at 10-day MA at 0.7710 and 21-day MA at 0.7639

  • Aus retail sales for nOV today with market expecting +7.0% M/M

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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