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Jan 31 - 08:55 PM

AUD/USD - Eases With Risk Appetite, As 0.7500 Beckons

By Andrew M Spencer  —  Jan 31 - 07:11 PM
  • -0.25%, as risk appetite sours in Asia - E-mini S&P -0.75%, silver up 6%

  • Retail investor activity expands into metals nL8N2K60NR - FX too liquid?

  • Techs; momentum studies slip, 5, 10 & 21 DMAs crest - negative setup

  • 21 day Bollinger bands are expanding, leaving room for a move lower

  • Chart suggests a move towards 0.7502, 38.2% Nov-Jan rise is viable next week

  • Close above 0.7720 21 daily moving average would end the downside bias

  • Asian 0.7606 - 0.7637 range is initial support and resistance

For more click on FXBUZ


aud feb 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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