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Jan 20 - 12:12 AM

AUD/USD - Broader Uptrend Intact But Bulls Need 200 DMA To Go

Published on Jan 19 - 09:50 PM
  • AUD/USD recovers after gap down, inspired by new 6-mth lows in USD/CNY

  • Stocks in Asia mostly higher after fresh Wall St records Fri

  • AUD/USD tentatively evades Bollinger downtrend channel at 0.6876

  • Will uphold broader positive trendline if it ends above 0.6866

  • But bulls need 200 DMA resistance 0.6885 to break for clarity

  • China holds off easing Loan Prime Rate, delaying stimulus nAZN0032O6














Source:
Refinitiv IFR Research/Market Commentary

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