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Jan 12 - 11:55 PM

AUD/USD - Selling At The Higher Levels, But Outlook Is Positive

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

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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