By Paul Spirgel — Jan 29 - 01:40 PM
AUD/USD falls from early NorAm high 0.7704, ending NorAm -0.44% at 0.7641
Aussie trades full range in NY 0.7704-0.7632, commodities reverse early gain
RBA Monday in focus, hold expected QE exp'd to be extended nL1N2K30B7
AUD/USD boosted by broad USD weakness, contained ahead of RBA nL1N2K41LB
Pair finds supt at 10-WMA (0.7609), then Daily cloud top (0.7502)
Bulls need a break abv the 21-DMA (0.7724) to stem bearish tide
Bears regain momentum below 0.7405, the 50% Fib of 0.6990-0.7820's Nov-Jan rise
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AUD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary