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Dec 20 - 10:55 PM

AUD/USD - Steadies In Calm Asia As AUD/JPY Finds Support

By John Noonan  —  Dec 20 - 10:15 PM
  • AUD/USD opened -0.27% at 0.6680 after withstanding round of AUD/JPY sales

  • It rallied late US on Wall Street bounce and equities remained bid in Asia

  • The AXJ index rose around 0.60% and E-minis gained 0.55% nL1N33B04M

  • AUD/USD traded up to 0.6697 before settling around 0.6685 into the afternoon

  • AUD/JPY was modestly higher as Japanese selling abated for now

  • AUD/USD support is at the 38.2 of the Oct/Dec rise at 0.6616

  • Resistance is at 0.6740/50 where the 10 & 21-day MAs converge

  • Key will be AUD/JPY flows and moves in equity and commodity markets

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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