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Jan 30 - 08:55 AM

AUD/USD - Balanced Risks Keep Range Tight Ahead Of US Data Dump

By Christopher Romano  —  Jan 30 - 07:02 AM

• AUD/USD hit 0.6242 in Asia then traded 0.62155 in Europe's morning

• Pair bounced, NY opened near 0.6225, pair traded down -0.07% early NY

• US yield drop, equity gains helped limit the drop

• AUD/JPY fall & USD/CNH bounce off its low helped to limit the upside

• Tight range traded as US Q4 GDP & PCE and weekly jobless claims loom

• Techs are mixed; monthly doji candle in place & monthly RSI is rising

• Daily RSI falling however & pair traded below 10- & 21-DMAs
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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