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Jan 09 - 01:55 PM

AUD/USD - Shorts Hold The Upper Hand As Markets Await US Data

By Christopher Romano  —  Jan 09 - 01:10 PM
  • NY opened near 0.6690 after 0.6734 traded overnight, slide extended a bit

  • After an early lift to 0.67015 AUD/USD fell to 0.6677 before bouncing

  • US yield US2YT=RR lift rallied US$, USD/CNH rallied to 7.1875 on D3

  • Equity ESv1, commodity DCIOc2HGv1 drops helped underpin the US$

  • Late day bounce saw AUD/USD near 0.6690, pair traded down -0.44%

  • Techs lean bearish; RSIs falling & pair traded below the 10- & 21-DMAs

  • Consolidation of drop from December monthly high reinforces bear signals

  • US Dec. CPI, jobless claims loom; range trading may persist until then

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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