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Jan 12 - 01:55 AM

AUD/USD - Gains A Ledge Above Fibo Support After Soggy Start

By Ewen Chew  —  Jan 12 - 12:05 AM
  • AUD/USD rallies to 0.6924 after dipping to 0.6888 Thurs

  • Back above technical ledge at 0.6902, the 76.4% Fibo support

  • Close above that will encourage AUD bulls to add to bets

  • Psych barrier 0.7000 could soon be in traders' crosshairs

  • Ahead of US CPI data, some USD shorts were trimmed

  • Expectations for softer US inflation mostly priced in

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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