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Jan 05 - 05:55 PM

AUD/USD - Opens Higher After Big Gains Due To Various Factors

By John Noonan  —  Jan 05 - 04:31 PM
  • AUD/USD set to open around 1.3% higher after making 33-month high at 0.7777

  • Strong gains backed by a set of AUD-positive factors and broad USD weakness

  • Strong Yuan nAZN0FV800; soaring commodities nL8N2JF3R2 and Wall Street gains underpin

  • AUD/USD break above selling interest at 0.7750 unleashed fresh buying

  • Next resistance is at the double-top at 0.7810/15 made in April 2018

  • Support is found at former resistance at 0.7740/45

  • Georgia election results in focus but outcome may take days to determine

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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