AUD/USD down 26 pips to 0.7029
AUD/USD has been chopping around 0.7025 since briefly touching a one-month low. Copper prices have bounced and the US dollar has lost some of its momentum as Treasury yields decline.
Bids:
- 0.7019 - intraday low
- 0.7016 - Nov 9 low on some screens
- 0.7000 - bids here and just above
- 0.6990 - trendline support
- 0.6950 - medium bids
- 0.6937 - late Sept low
- 0.6896 - Sept (cycle) low
Offers:
- 0.7038 - Asian low
- 0.7046 - 61.8% retracement of today's decline
- 0.7064 - late Oct low
- 0.7070 - yesterday's high, med offers
- 0.7100 - 38.2% retrace of Nov decline
- 0.7130/40 - real money offers, 55-dma
- 0.7150 - small offers
