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Jan 14 - 05:55 PM

AUD/USD - Open Higher As Commodities Underpin

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

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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