By Andrew M Spencer — Jan 12 - 10:20 PM
-0.2%, as Asia counter trades, takes profit into Thursday's sharp USD fall
Trades at the low end of a 0.6946-0.6982 range, with plenty of flow on D3
U.S. dollar and risk appetite likely to drive AUD volatility offshore
2022 natural disasters bill hits AUD 5bln, more likely in 2023 nL4N33X3K6
Climate disasters seem to be a global problem, as climate change continues
Charts; momentum studies edge higher, 21 day Bollinger bands expand
5, 10 & 21 day moving averages climb - strong positive setup
Targets a test of 0.7091 longer term - 61.8% of the 2022 fall
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Source:
Refinitiv IFR Research/Market Commentary