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Jan 10 - 11:55 PM

AUD/USD - Moves Higher As Asia Upbeat Ahead Of US CPI

By John Noonan  —  Jan 10 - 10:05 PM
  • AUD/USD opened +0.18% at 0.6700 after getting support from AUD/JPY demand

  • It was bid in Asia, as equity markets were buoyant nL4N3E10H0

  • Much larger than expected Aus trade data also helped underpin AUD nS9N3BF01Y

  • AUD/USD traded to 0.6725 before settling around 0.6715 into the afternoon

  • Resistance is at the 10-day MA at 0.6736 and close above would be bullish

  • Support is at the 38.2 of the Oct-Dec rise at 0.6641 with bids at 0.6675

  • Key to direction will be reaction to US CPI out later today

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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