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Jan 29 - 03:55 PM

AUD/USD - Early NorAm Rise Above 0.77 Recedes Pre-RBA Monday

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

For more click on FXBUZ


AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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