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Jan 12 - 10:55 PM

AUD/USD - Consolidates Strong Gains In Quiet Asian Session

By John Noonan  —  Jan 12 - 10:10 PM
  • AUD/USD opened +1.03% at 0.7284 after outperforming in broad USD weakness nL1N2TS2DB

  • In a very quiet Asian session it could only manage a 0.7274/88 range

  • Heading into the afternoon it is unchanged at 0.7285

  • It is stalling around the 100-day MA at 0.7287 with sellers tipped at 0.7295

  • A close above the 100-day MA targets the 61.8 of 0.7555/0.6994 at 0.7341

  • Support is at the 10-day MA at 0.7222 and 21-day MA at 0.7211

  • The bias is to the upside after the break above the 0.7277 range high

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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