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Jan 21 - 09:55 PM

AUD/USD - Bid With Risk Appetite - Key Resistance In View

By Andrew M Spencer  —  Jan 21 - 08:40 PM
  • +0.1%, with a positive risk appetite in Asia to start the week

  • E-mini S&P trades up 0.3%, Treasury yields slip, 10yr -3bp 4.117%

  • Nikkei +1.2%, AsiaxJP +0.35% and S&P/ASX 200 +0.6% - risk 'on'

  • No special catalyst in the weekend news, an extension of Wall Street Friday

  • Charts; mixed daily momentum studies, 5, 10 & 21-day moving averages slide

  • 21-day Bollinger bands fall - signals show a strong negative setup

  • First significant support comes in at 0.6500, 61.8% of the Oct-Dec rise

  • Close above the falling 0.6633 10-day moving average ends the downside bias

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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