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Jan 16 - 08:55 AM

AUD/USD - Ahead Of A Key Fed Speaker Riskier Assets Take It On The Chin

By Christopher Romano  —  Jan 16 - 07:10 AM
  • AUD/USD traded heavy to begin the session, opened 0.66605 & fell immediately

  • Pair broke support near 0.6645/50, traded 0.65955, NY opened near 0.6605

  • AUD/USD traded down -0.87% early NY as riskier assets were broadly lower

  • USD/CNH rallied to 7.2185 on D3, hit a 2-month high, up +0.47% early NY

  • Iron-ore DCIOc2, equity ESv1 drops helped to weigh down AUD/USD

  • AUD/USD struck a 1-month low which reinforced already bearish technicals

  • The pair is below the 10-, 21- & 55-DMAs, RSIs falling & are not oversold

  • 200-DMA, daily cloud top, daily lows in 0.6525/45 zone are next supports

  • Jan. NY Fed manufacturing survey is a data risk in NY's morning

  • Fed's Waller gives speech on the economic outlook at 11:00 am EST

  • China Q4 GDP, Dec. retail sales, industrial output are risks in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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