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AUD has also struggled in Asia-Pacific.......>

AUSSIE
AUSSIE: AUD has also struggled in Asia-Pacific trade, with the early, modest bid
fading. AUD/USD last 20 pips or so softer at $0.7046. Bears look to Dec 26 low
of $0.7033, a break would open up Dec 25 low of $0.7009, and the psychological
$0.7000 level. Initial resistance noted at the intraday high of $0.7078, as
bulls look for a break above $0.7100 to open up the Dec 21/20 highs at
$0.7123/49.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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