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Dec 31 - 01:55 AM

AUD/USD - Gives Back Early Gains As USD Reverses Higher

By John Noonan  —  Dec 30 - 10:08 PM
  • AUD/USD opened 1.0% higher at 0.7685 after USD fell across the board nL1N2JA1RN

  • USD selling continued in Asia - sending AUD/USD to 33-month high @ 0.7708

  • Late in the morning the USD reversed higher when USD/CNH came off early lows

  • AUD/USD traded back below 0.7690 before settling around 0.7695

  • The market initially ignored slightly weaker China PMI nAZN0HV300

  • AUD/USD high came after the data when USD/CNH fell to 6.4880

  • AUD/USD late selling coincided with USD/CNH recovering above 6.5000

  • AUD/USD support at former resistance at 0.7625/30

  • Resisance is found at April 2018 monthly high at 0.7813

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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