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Jan 09 - 07:55 PM

AUD/USD - Opens Lower As USD Recovers And Risk Assets Droop

By John Noonan  —  Jan 09 - 05:55 PM
  • AUD/USD opens -0.48% as USD bounced and risk assets slipped on Tuesday nL1N3DZ1WAnL1N3DZ0FH

  • Resistance is at a double-top at 0.6734 and the 10-day ma at 0.6746

  • Support is at the 38.2 of the Oct-Dec rise at 0.6641

  • Key event today in the Aus Nov CPI with the focus on the weighted mean

  • Economists forecast the weighted mean CPI to ease to 4.4% from 4.9% in Oct

  • AUD/USD vulnerable while risk assets struggle to gain upward momentum

  • Lon copper -4.5% since late Dec as China and global growth concerns weigh

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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