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Feb 01 - 01:55 AM

AUD/USD - Ventures Higher, Defying Fears Of Hawkish Powell

By Ewen Chew  —  Feb 01 - 12:55 AM
  • AUD/USD ventures higher to 0.7074, bouncing from 0.7038

  • Knocks on door to Bollinger uptrend channel at 0.7072

  • Wed close above will re-engage positive chart signal

  • Would add to bullish implication of hammer candlestick Tues

  • But USD might get a boost from Powell after FOMC decision

  • Fed chief may push back on market's hopes for ending rate hikes

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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