Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 03 - 07:55 PM

AUD/USD - Opens Lower - Poised Above Pivotal Support

By Andrew M Spencer  —  Jan 03 - 05:56 PM

  • Steady after closing off 1.05% amid broad USD strength and higher UST yields

  • ANZ job advertisements are the only data today - unlikely to impact

  • Local bargain hunting and positive Wall Street to support AUD initially

  • Charts; 0.7275, 50% of the Oct-Dec fall capped repeatedly since Dec 29th

  • 5, 10, & 21 DMAs conflict, 21 day Bollinger bands contract - neutral setup

  • Sustained break of pivotal 0.7168, 38.2% Dec rise would be a bearish signal

  • 0.7185 21 DMA and the 0.7184 NY base is initial significant support

  • 0.7214, 38.2% of the fall from European high to NY low initial resistance

For more click on FXBUZ


aud jan 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!