By John Noonan — Jan 14 - 05:25 PM
AUD/USD opens 0.58% higher as US stimulus hopes lift key commodities nL1N2JP2UXnL1N2JP10J
Dovish comments from Fed Chair Powell weighed on USD in US session nL1N2JP2A9
Pair traded to 0.7805 before late fall on Wall Street weighed into the close nL1N2JP31K
AUD/USD resistance at Jan 6 high at 0.7819 with sellers camped around 0.7800
Trend higher continues while the key 21-day MA at 0.7677 holds on dips
Buyers between 0.7720/30 helping to support AUD/USD on dips
Biden will announce economic rescue plan during Asian session nL1N2JP2UX
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Source:
Refinitiv IFR Research/Market Commentary