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Jan 14 - 09:55 PM

AUD/USD - Offshore Factors Lead - 0.6640/0.6740 Range Contains

By Andrew M Spencer  —  Jan 14 - 07:10 PM
  • +0.05% after closing unchanged with an inside day and the USD up 0.15%

  • No AUD data or RBA events, so risk appetite and the USD to lead in Asia

  • U.S. Martin Luther King Jr holiday today, so tight rages are likely

  • Charts; daily momentum studies ease, 5, 10 & 21 day moving averages conflict

  • Horizontal 21-day Bollinger bands - the mixed signals show no clear bias

  • Well tested 0.6641, 38.2% of the October/December rise is key support

  • Last week's 0.6734 high and then 0.6753 21 DMA are significant resistance

  • NY 0.6678-0.6728 range is the initial support and resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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