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Jan 27 - 09:48 PM

AUD/USD - Back As The Liquid Proxy For Asian Risk, Trends South

By Andrew M Spencer  —  Jan 27 - 08:15 PM
  • Flat after closing -1%, as AUD returned as a liquid proxy of Asian risk

  • China coronavirus uncertainty undermines broad risk appetite nL4N29V0FY

  • NAB business conditions & confidence slipped, not market moving nS9N28T00Q

  • Charts, momentum studies, 5, 10 & 21 DMAs track south - bearish setup

  • 0.6754 November low resilient, sustained break targets 0.6670 2019 low

  • Earlier 0.6747 low and 0.6775 NY high is initial resistance

aud jan 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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