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Jan 27 - 11:55 PM

AUD/USD - Key Support Under Pressure, Close Key For Next Move

By Andrew M Spencer  —  Jan 27 - 09:56 PM
  • -0.3%, as local stocks follow Wall Street south, busy 0.7623-0.7667 range

  • Next round of UK, Australia trade talks set for February nL1N2K22D7

  • Charts; momentum studies slip, 5, 10 & 21 DMAs conflict - neutral setup

  • 0.7635 rising lower 21 day Bollinger band and 0.7642 Jan range low tested

  • Key support around 0.7640 should prove resilient, unless the USD surges

  • Close below 0.7635 would target 0.7502, 38.2% Nov-Jan rise nL1N2K305T

  • Earlier 0.7667 Asian high then 0.7700 NY afternoon high first resistance

  • A soft close today could trigger a significant unwinding of USD shorts

For more click on FXBUZ


aud 2 jan 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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