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Jan 02 - 02:36 AM
AUD/USD - Consolidates Gains In Quiet Asian Session
First appeared on eFXplus on Jan 01 - 10:05 PM
  • AUD;USD opened 0.7015 and dipped to 0.7005 in early Asia

  • Buyers ahead of 0.7000 underpinned and it traded back to 0.7020

  • Market ignored slightly sorse than expected Caixin Mfg PMI nZUN0003WZ

  • Heading into the afternoon the AUD/USD was trading around 0.7015

  • AUD/USD boosted by waning US-China trade concerns and broadly weaker USD nL1N29408A

  • AUD/USD support @ 10-day MA @ 0.6962 and break would warn momentum is waning

  • Resistance at the 61.8 of the 2019 high/low at 0.7056





eur/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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