By John Noonan — Dec 28 - 08:50 PM
AUD/USD traded as high as 0.6754 as USD/JPY leads USD broadly lower in Asia
Mood in Asia otherwise cautions with Nikkei down 1.35% and AXJ index -0.95%
China Covid concerns and fears of global slowdown likely to cap AUD/USD rallies nL1N33I1KV
Sellers tipped around 0.6800 with yesterday's high at 0.6801
The 200-day MA at 0.6866 should prove difficult to break ahead of year-end
Support is at the 10-day MA at 0.6710 and break shiths pressure to downside
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Source:
Refinitiv IFR Research/Market Commentary