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Jan 09 - 09:55 PM

AUD/USD - Under Some Pressure As Asia Gets Off To Subdued Start

By John Noonan  —  Jan 09 - 07:40 PM
  • AUD/USD slipping towards 0.6900 in early Asia as risk assets dip

  • Wall Street gave back gains in US afternoon and downward momentum continues

  • E-minis are down 0.18% while the AXJ index is off 0.15% in early trade

  • Investors a bit cautious ahead of Powell later today and US CPI Thursday

  • Mood shifts since the start of 2023 have led to price volatility

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 200-day MA at 0.6839 and 10-day MA at 0.6814

  • Buying dips is the favoured strategy while the 10-day MA holds

  • More support is at the For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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