Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 23 - 07:55 PM

AUD/USD - Powers Ahead, Boosted By Strong Risk Sentiment

By Krishna K  —  Jan 23 - 05:35 PM
  • AUD/USD closes 0.85% higher Mon, 1st daily close above 0.7000 since Aug 16

  • Powered higher by positive risk sentiment, commodities rally, China optimism

  • Boosted by easing global recession fears, optimism of a less aggressive Fed

  • AUD/JPY demand supports; pair rallies 1.7% to a 1- month high on dovish BOJ

  • LNY holiday in many Asian centres, Australia off Thu, will limit activity

  • Caution ahead of Australia Q4 CPI due Wednesday may also cap rally in Asia

  • Resistance 0.7040-45, 0.7065-75, 0.7090-0.7100; support 0.7000-05, 0.6965-70

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!