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Jan 10 - 11:55 PM

AUD/USD - Grinds Higher As USD Gives Back Some Ground Ahead Of Powell

By John Noonan  —  Jan 10 - 10:15 PM
  • AUD/USD opened -0.10% at 0.7174 after a choppy US session nL1N2TQ1TQ

  • After trading at 0.7171 it started to move higher when Tokyo arrived

  • Much stronger than expected Aus retail sales helped to underpin as well nL1N2TR01G

  • AUD/USD is hitting the session high at 0.7189 heading into the afternoon

  • Resistance is at the 10-day MA at 0.7212 and break would suggest bottom forming

  • Support is at Friday's 0.7140 low with buyers tipped ahead of 0.7150

  • Reaction to Powell testimony later today key to short-term direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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