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Thomson Reuters
Jan 10 - 03:48 PM
AUD/USD - Bulls Likely Unaltered After Fed's Powell
First appeared on eFXplus on Jan 10 - 01:35 PM
  • Powell reiterates Fed's ability to be patient regarding future policy
  • His comments give little new info; US$ & interest rates see small lifts
  • AUD/USD gives back some earlier gains after earlier run near 0.7200 stalls
  • Trump won't attend Davos due to shutdown; yuan & AUD slip late in the day
  • Upside AUD/USD risks remain due to Fed patience & techs suggesting gains
  • Rising RSIs, Jan bull hammer & pair above 10 & 21-DMAs support future gains
  • Australian Nov retail sales are a key risk for aussie in Asia

chart: Click here

Source:
Thomson Reuters IFR Markets

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