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Jan 06 - 01:55 PM

AUD/USD - Shorts Gain Some Traction But Key Risks Loom

By Christopher Romano  —  Jan 06 - 12:09 PM
  • AUD/USD falls from daily cloud base, breaks the 21-DMA, t-l off Dec 6 low

  • Falling daily, monthly RSIs imply downside momentum is building

  • December monthly bull hammer is a powerful signal & remains valid

  • Short-term techs highlight downside risks but event risks looms

  • US December employment and wages data are due Friday

  • Upside surprise could lift US$, rates as Fed may take a hawkish stance

  • Break of December's low likely lead to test of 0.6750/0.6800 area

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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