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Jan 17 - 08:55 PM

AUD/USD - Softer With Risk - Key Support Holds At Present

By Andrew M Spencer  —  Jan 17 - 08:14 PM
  • -0.1% in a low key Asia - no game changing weekend news, E-mini S&P -0.2%

  • Stocks and risk soft with Wall Street on Friday, Nikkei -0.7%, AsiaxJP -0.3%

  • China data dump in an hour event risk, led by GDP and IP nL4N2JP2QF

  • Charts; negative momentum studies, 5, 10 & 21 DMAs flat line - neutral setup

  • Uptrend has stalled - pivotal - 0.7676 21 DMA, a base on this move, in view

  • Sustained 0.7675 break would target a test of 0.7502, 38.2% of Nov-Jan rise

  • 0.7676 21 DMA and earlier 0.7710 Asian high initial support-resistance

    For more click on FXBUZ

aud jan 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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