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Jan 17 - 07:55 PM

AUD/USD - Slides With Risk Appetite Ahead Of Jobs Data

By Andrew M Spencer  —  Jan 17 - 06:05 PM
  • Steady after closing -0.5%, as higher UST yields undermined risk appetite

  • China markets sell-off undermined risk appetite Wednesday - key for Thursday

  • AUD jobs lead event risk - employment poll +17.6k, unemployment rate 3.9%

  • Charts; daily momentum studies slip, 5, 10 & 21 day moving averages slide

  • 21-day Bollinger bands expand - signals now show a strong negative setup

  • 0.6553 lower 21-day Bolli band suggests the market is a short-term oversold

  • Next significant support comes in at 0.6500, 61.8% of the Oct-Dec rise

  • New York 0.6525 - 0.6565 range is initial support and resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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