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Jan 11 - 11:55 PM

AUD/USD - Edges Higher In Quiet Asian Session Ahead Of US CPI

By John Noonan  —  Jan 11 - 10:20 PM
  • AUD/USD opened +0.50% at 0.7210 after Powell testimony led to USD sales nL4N2TS084

  • After trading at 0.7205 the AUD/USD edged higher in quiet trading

  • Heading into the afternoon it is at the session high around 0.7215

  • AUD/USD is trading above 10-day MA at 0.7211 with resistance at Dec 31 high at 0.7277

  • Support is @ Jan 7 low @ 0.7130 and break would return pressure to downside

  • The next test will be US CPI and impact it will have on US yields

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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