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Jan 27 - 03:55 PM

AUD/USD - After US Data The Fed Is In Focus & Bulls May Reign

By Christopher Romano  —  Jan 27 - 01:35 PM
  • NY opened near 0.7110 after at tight range traded in Europe's morning

  • Pair rallied to 0.7126 after US PCE, consumption data but then dropped

  • Slide extended to 0.70825 after US data dump was completed nL1N34C10M

  • US rates EDZ3 softened, US$ buys abated, USD/CNH slid from its high

  • Equities ESv1, gold XAU= rallied into positive territory

  • AUD/USD rallied above 0.7100, traded down -0.20% late in the session

  • Daily doji formed, suggests indecision but monthly techs remain bullish

  • 50-DMA crossing above 200-DMA may mean big rally is due nL1N34C1IM

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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