Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 19 - 09:55 PM

AUD/USD - Bid Early, But Positive Setup Ends With Lower Yields

By Andrew M Spencer  —  Jan 19 - 07:35 PM

  • +0.15% - slow start, after closing of 0.45% with risk appetite, soft stocks

  • No scheduled AU data or RBA events, so risk appetite, U.S. dollar lead

  • Despite 3yr AU yields -21 bp this week, RBAWATCH prices 25pt Feb hike at 61%

  • Charts; momentum studies fall, 21 day Bollinger bands contract

  • 5, 10 & 21 day moving averages conflict - neutral setup from net positive

  • Thursday's 0.6948 high then this week's 0.7063 top first resistance

  • Close below 0.6846/50, 50% Dec/Jan rise and 21 DMA would be bearish

  • NY 0.6872-0.6923 range is initial support and resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!