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Jan 22 - 11:55 PM

AUD/USD - Bid - Risk Appetite, USD Lead Into Wednesday's CPI

By Andrew M Spencer  —  Jan 22 - 10:20 PM

  • +0.25% with the USD broadly weaker, led by EUR +0.35% and JPY -0.35%

  • Hawkish weekend ECB comments and Japan exporter selling capped the USD

  • Trades towards the top of a 0.6960 - 0.6994 range, busy morning on D3

  • AUD set to driven by risk appetite and the USD until CPI on Wednesday

  • Charts; neutral momentum studies, 21 day Bollinger bands head higher

  • 5, 10 & 21 day moving averages rise - positive setup back in play

  • Asian 0.6994 high then last week's 0.7063 top first resistance

  • Close below 0.6846/66, 50% Dec/Jan rise and 21 DMA would be bearish

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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