By Krishna K — Jan 19 - 05:05 PM
AUD/USD trades with an offered tone in Asia after closing 0.4% lower Thu
Recession fears induced by gloomy Australian and U.S. economic data weigh
Hawkish tone from Fed officials weighs on risk sentiment, undermines AUD
AUD pares losses, recovers from o/n 0.6872 low as USD weakens broadly
Focus remains on AUD/JPY as Fri Japan CPI will be pivotal for BOJ policy
China loan prime rate (LPR) Fri also key for direction, no change expected
Lunar NY holidays in many Asian centres next week may affect trading volumes
Support 0.6890-95, stronger at 0.6860-70, resistance 0.6945-50, 0.6975-80
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Source:
Refinitiv IFR Research/Market Commentary