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
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Source:
Refinitiv IFR Research/Market Commentary