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Jan 28 - 02:36 AM

AUD/USD - 0.6750 Resilient, With Risk Back In The Driving Seat

By Andrew M Spencer  —  Jan 27 - 10:25 PM
  • Plenty of interest all day in Asia, as AUD is once again risk led

  • AUD a touch softer as local stocks hit hard by China virus nL4N29V0FY

  • NAB business conditions & confidence slipped, not market moving nS9N28T00Q

  • Charts, momentum studies, 5, 10 & 21 DMAs track south - bearish setup

  • 0.6754 November low resilient, sustained break to target 0.6670 2019 low

  • Earlier 0.6747 Asian low and 0.6775 NY high is initial resistance

aud jan 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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