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Jan 14 - 01:55 AM

AUD/USD - Holds Steady Despite Risk Aversion In Positive Sign

By Krishna K  —  Jan 13 - 11:45 PM
  • AUD/USD unchanged in Asia, recovers after falling 0.2% to 0.7266 low

  • Weighed down by risk aversion as Fed speakers put rate hikes in focus

  • Ability to hold ground despite risk aversion bodes well for further gains

  • Aussie up 1.2% for the week having hit a two-month top of $0.7314 overnight

  • Rising commodities, metals boost ; copper set for best weekly jump since Oct

  • Resistance 0.7310-15, 0.7340-45, support 0.7245-50, 0.7225-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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