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