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Jan 18 - 07:55 PM

AUD/USD - Stalling Around Key Support But Remains Heavy

By John Noonan  —  Jan 18 - 05:36 PM
  • AUD/USD traded below 21-day MA for first time since Nov 4, but closed above

  • The 21-day MA comes in at 0.6779 today and AUD/USD last traded at that level

  • Profit taking on risk assets supporting USD/weighing on AUD/USD

  • WSJ article saying incoming Yellen doesn't favour weak USD also impacting nL1N2JS0LP

  • A clear break below the 21-day MA targets the Jan 4 and 2021 low at 0.7642

  • Resistance is at the 10-day MA at 0.7739 and break would ease pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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