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Jan 07 - 01:55 AM

AUD/USD - Probes Key Levels That Will Unlock Near-Term Upside

By Ewen Chew  —  Jan 07 - 01:11 AM

• AUD/USD rallies to 0.6268, probing 21 DMA resistance

• Tues close above current level clears a path higher

• Closing above 0.6271 would also break the 2023 low

• Further upside then possible till Bollinger band 0.6324

• That resistance marks the entrance of uptrend channel

• DXY slips tad more in Asia as UST yields sag; 10y 4.608%
AUD:


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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