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Feb 11 - 10:55 PM

AUD/USD - Drifts Lower In Holiday Impacted Asia

By John Noonan  —  Feb 11 - 09:49 PM
  • AUD/USD opened 0.41% higher at 0.7754 as AUD outperformed its peers

  • The Lunar New-Year holiday resulted in extremely thin trading in Asia

  • Profit taking resulted in the AUD/USD drifting down to 0.7740

  • Heading into the afternoon it is trading at the session lows

  • Sluggish equities undermined with E-minis down 0.17% and Nikkei down 0.25%

  • Also weighing was news Victoria was going into a 5-day lockdown due to coronavirus concerns nS9N2CP001

  • AUD/USD support is at the 21-day MA at 0.7292 and 10-day MA at 0.7679

  • Resistance is at the Jan 6 trend high at 0.7819

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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