By Krishna K — Jan 15 - 04:00 PM
AUD/USD rally pauses after climbing to a 5-month high of 0.6994 Friday
Cooling U.S. inflation expectations, bets of less hawkish Fed support
Consolidation below 0.7000 bodes well for continuation of uptrend
Buoyant risk sentiment, rising commodity prices point to further gains
Copper at 7-mth high, Dalian iron ore hits 17-mth high on China optimism
Resistance 0.7000-10, 0.7040-50; support 0.6945-50, 0.6915-20
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Source:
Refinitiv IFR Research/Market Commentary