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Dec 28 - 09:55 PM

AUD/USD - Bid In Asia As USD/JPY Leads USD Broadly Lower

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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