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Jan 07 - 09:55 PM

AUD/USD - Under Pressure As USD Short-Covering Continues

By John Noonan  —  Jan 07 - 08:36 PM
  • USD broadly higher in Asia - as short-covering trumps risk correlation

  • AUD/USD down 0.25% around 0.7750 after trading down to 0.7741

  • Support at yesterday's 0.7726 low and 10-day MA at 0.7691

  • Risk assets remain bid in Asia, but not dimming USD demand for now

  • AUD/USD longs paring back ahead of the weekend after 0.7815/20 held

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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