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Dec 21 - 05:55 PM

AUD/USD - Opens Higher As Risk Assets Stage A Recovery

By John Noonan  —  Dec 21 - 05:20 PM
  • Wall Street and other risk assets rallied Tuesday to send AUD/USD higher nL1N2T61XHnL1N2T61XD

  • AUD/USD closed 0.60% higher while the AUD/JPY jumped around 1.0%

  • The AUD/USD closed above the 10-day MA at 0.7147 to suggest bottom forming

  • Close support is at the 21-day MA which descends to 0.7130 today

  • Support @ 61.8 of the 0.6993/0.7224 move @ 0.7081 validated by price action

  • Key in Asia will be AUD/JPY flows after the 1% rise in Tuesday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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