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Dec 29 - 05:55 PM

AUD/USD - Opens Higher As USD Broadly Dips On Year-End Flows

By John Noonan  —  Dec 29 - 05:34 PM
  • AUD/USD opens +0.30%, as buoyant risk and softer USD underpin price action nL1N2T81SQ

  • It traded as high as 0.7272 in a choppy - outside trading day

  • Resistance at the 50% retracement of 0.7555/0.6994 move at 0.7274 validated

  • More resistance is at the 55-day MA at 0.7281 and 100-day MA at 0.7289

  • AUD/USD trending higher with the 5, 10 & 21 aligned in a bullish formation

  • Support is at the 10-day MA at 0.7203 and break would ease upward momentum

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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