• Steady after closing up 0.15%, resilient against a 0.67% rise in the USD

• AUD showed broad strength, AUD/JPY +0.5%, EUR/AUD -1%, and GBP/AUD -1.3%

• AUD resilience a correction of the December losses when GBP/AUD rose 3.2%

• Japan is on holiday, Asia is unlikely to take fresh risk into the weekend

• Charts: 21-day Bolli bands fall, momentum studies flat-line at low levels

• 5, 10 & 21 daily, and weekly moving averages trend lower - bearish setup

• The 0.6170 2022 low holds - break would target 0.5980 April 2020 low

• A close above last week's 0.6269 high would ease the downside pressure

• A sustained 0.6294 break of the 21-day moving average would be positive
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)