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Jan 13 - 11:55 PM

AUD/USD - Risk Off Yen Cross Selling Weighs - Positive Charts

By Andrew M Spencer  —  Jan 13 - 10:35 PM

  • -0.1%, despite a softer USD, amid risk off JPY cross selling AUD/JPY -0.4%

  • Traded in a 0.7266-0.7283 range with solid interest once Asia fully opened

  • Asian stocks followed Wall Street lower, undermining regional sentiment

  • Charts; 21 day Bollinger bands, 5, 10 & 21 DMAs edge higher - positive setup

  • Bounce targets a test of 0.7341, 61.8% of the October-December fall

  • Longer term target is 0.7425 200 day moving average - capped since June

  • Close below 0.7200, 61.8% of the 2022 bounce would end the topside bias

  • 0.7215-22 21 & 10 DMAs, 0.7283 Sydney top initial support, resistance

For more click on FXBUZ


aud 3 jan 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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