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Dec 08 - 01:55 AM

AUD/USD - Recovers From Lows As Early Gloom Subsides

By John Noonan  —  Dec 07 - 10:35 PM
  • AUD/USD opened +0.57% at 0.6726 after falling US yields underpinned nL1N32X2B5

  • It came under pressure when early Asian markets fell and E-minis eased 0.45%

  • AUD/USD fell to 0.6698 before the mood in Asia lifted

  • The AXJ index moved 0.75% higher while E-minis were only 0.15% lower

  • AUD/USD recovered to 0.6715 heading into the afternoon session

  • Resistance is at 0.6732 and break increases upward pressure

  • Support is at the 38.2 fibo of the 0.6170/0.7851 move at 0.6590

  • Global growth fears will likely cap AUD/USD rallies in the short-term

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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