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Jan 15 - 09:55 PM

AUD/USD - Positive Setup - Asian Focus On AUD/JPY Flows

By Andrew M Spencer  —  Jan 15 - 07:40 PM

  • +0.1% in a slow start for FX in Asia - little weekend news - AUD/JPY +0.35%

  • AUD/JPY flows a major AUD driver, as BOJ eases ultra-loose monetary policy

  • Japan Dec wholesale prices above 10% may add pressure on BOJ nL4N3400IZ

  • No AUD data or RBA speeches, so the USD and yen cross flows will likely lead

  • Charts; momentum studies edge higher, 21 day Bollinger bands expand

  • 5, 10 & 21 day moving averages climb - strong positive setup

  • Targets a test of 0.7091 longer term - 61.8% of the 2022 fall

  • NY 0.6916 low and London 0.6994 high initial support and resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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