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Jan 13 - 08:55 AM

AUD/USD - Longs Remain Unrelenting

By Christopher Romano  —  Jan 13 - 07:35 AM
  • AUD/USD dips slightly overnight, near the daily cloud top, 0.7274 trades

  • Dip gets bought as US$ =USD sold against majors & USD/CNH gains erode

  • Equity ESv1, iron-ore DCIOc2 gains help promote a risk-on theme

  • AUD/USD rallies above Wed. high, 0.7314 trades, NY opens near 0.7295

  • Techs are bullish; RSIs rise, monthly bull hammer forms in January

  • US PPI due, will give next indication if inflation continues to run hot

  • US weekly, continuing claims data to give indications of job market

  • For more click on FXBUZ





audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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