Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 10 - 03:55 PM

AUD/USD - Levels From 2020 Trade After Jobs, Inflation Reports

By Christopher Romano  —  Jan 10 - 01:44 PM

• NY opened near 0.6190 after 0.6206 trade overnight, drop extended in NY

• Dec. jobs report indicated job market is healthy; yields
rallied

• US$ rallied, USD/CNH hit 7.3639; stocks , copper fell sharply

• AUD/USD broke the 2022 yearly low, hit 0.6139, level seen back in April 2020

• Jan. U of Michigan inflation outlooks helped keep yields, US$ buoyant

• AUD/JPY fell near 96.80 on risk-off; helped weigh down AUD/USD

• Techs are bearish; RSIs falling, monthly inverted hammer in place for Jan.

• Hold below the 10- & 21-DMAs reinforce the bearish signals

• US Dec. PPI & CPI will be key data risks from the Us next week
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!