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Jan 22 - 09:55 PM

AUD/USD - Low-Key Markets In Asia, As Lunar New Year Nears

By Andrew Spencer  —  Jan 22 - 08:06 PM

• Steady - little news for Asia as Trump concentrates on US immigration

• Trump's EV rollback not expected to suppress appetite for critical minerals

• Low-key stock and commodities in Asia, as Lunar New Year preparations begin

• No tier-one data in Asia or Europe today, tight range likely as Trump sleeps

• Techs - 5, 10 & 21 DMAs edge higher as 21-day Bollinger bands expand

• Daily momentum studies climb - a positive setup on the daily charts

• 0.6285 upper 21-day Bollinger band and 0.6302 2025 top resilient resistance

• Tuesday's 0.6208 low and then the 2025 0.6131 base are initial support

• Sustained break above the 0.6302 2025 high would be a strong positive signal
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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