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Jan 12 - 07:55 PM

AUD/USD - Opens Higher After USD Falls Despite Hot US CPI

By John Noonan  —  Jan 12 - 05:45 PM
  • AUD/USD opens up over 1.0% and was best performing currency as USD slid nL1N2TS2DB

  • It opens above previous range high at 0.7277 but just below 100-day MA at 0.7287

  • A close above 0.7287 targets the 61.8 of the 0.7555/0.6994 move at 0.7341

  • Support is at the 10-day MA at 0.7221 and 21-day MA at 0.7211

  • The price action has shifted the bias to bullish in the short-term

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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