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Dec 07 - 01:55 AM

AUD/USD - Gives Back Early Gains In Listless Asian Session

By John Noonan  —  Dec 06 - 11:00 PM
  • AUD/USD opened -0.16% at 0.6688 after Wall Street fall weighed nL1N32W2LQ

  • It was bid in early Asia on AUD cross buying and traded up to 0.6716

  • It then drifted back below 0.6700 and is around 0.6695 into the afternoon

  • AUD/USD trend higher showing signs of exhaustion as top forms around 0.6850

  • 5-day MA tilts lower and a close below 21-day MA (0.6697) signals trend over

  • A close below 0.6697 targets the 38.2 0f 0.6170/0.6851 at 0.6590

  • Resistance is at the 10-day MA at 0.6734 and break would ease pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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