Free Trial

AUD/USD last $0.7204, 15 pips higher on......>

AUSSIE: AUD/USD last $0.7204, 15 pips higher on the day, with the rate supported
by broader USD weakness and the MOFCOM statement which noted that U.S. Tsy Sec,
U.S. Trade Rep & China's VP "exchanged views on pushing forward timetable & the
roadmap for next stage of trade talks" as they spoke by phone. WSJ wrote that
"the three senior officials discussed Chinese purchases of agricultural products
and changes to fundamental Chinese economic policies during the phone call, said
people familiar with the conversation. They didn't provide further details." 
- Initial resistance noted at yesterday's high/100-DMA at $0.7227/33, followed
by the Dec 6 high at $0.7274. Conversely, initial support is located at the
lower Bollinger band (2%)/yesterday's low at $0.7174/72 and a break below would
open up $0.7164, where the rate bottomed on Nov 13. 
- AU docket for the remainder of the week is rather dry, with flash CBA PMIs due
Friday. Broader risk themes are likely to remain in the spotlight.

To read the full story

Why Subscribe to


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.