Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 13 - 09:55 PM

AUD/USD - Soft With Risk, As Regional Stocks Follow Wall Street

By Andrew M Spencer  —  Jan 13 - 08:35 PM

  • -0.2% this morning In Asia, as Asian stocks follow Wall Street lower

  • Plenty of activity, as longs take profit ahead of the weekend

  • 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

  • 0.7215-21 21 & 10 DMAs first support - earlier 0.7283 Sydney top resistance

    For more click on FXBUZ


aud 2 jan 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!