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Thomson Reuters
Jan 28 - 02:36 AM
AUD/USD - Better Bid With Risk Appetite And Chinese Yuan
First appeared on eFXplus on Jan 27 - 10:40 PM
  • AUD/USD up 0.2% in Asia, trades a range of 0.7158 to 0.7201, last 0.7195
  • Pushed higher by stronger Chinese yuan as USD/CNH breaks below 200 DMA
  • Momentum studies support further gains, s/t MAs neutral for now
  • Mid-Jan highs and 76.4 Fibo resistance at 0.7325/35, break targets 200 DMA
  • Support seen between 21, 5 and 10 DMAs at 0.7137/62, break would be negative
  • US-China high level trade talks this week biggest event risk for AUD/USD

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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