Free Trial

A$ Climbs, Testing Resistance


AUDUSD traded higher on Tuesday and is currently around 0.6826, the highest since mid-July. The move was partially driven by a weaker greenback with the USD down 0.2% since Friday’s close. Data at the end of the week showed US core PCE inflation lower than expected.

  • AUDUSD is hovering around initial resistance at 0.6825, December 22 high, and a clear break would open 0.6847, July 20 high. The pair remains in a bullish trend. Initial support is at 0.6779, December 21 low.
  • AUDNZD fell below 1.08 and is down 0.1% since Friday’s close at 1.0786. AUDJPY is 0.4% higher at 97.22. AUDEUR is up 0.1% to 0.6182 and AUDGBP is +0.2% to 0.5364.
  • US equity markets rallied following the Christmas break with the S&P up 0.4% and the Nasdaq +0.6%. Oil prices are also higher with the WTI up 2.1% to $75.13/bbl. Copper prices are down 0.1% and iron ore is around $139/t.
  • With many still on holiday and no data or events scheduled, trading is likely to be thin.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.