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Jan 15 - 08:36 PM
AUD/USD - U.S. Inflation, Buoyed Risk Help Longs
First appeared on eFXplus on Jan 15 - 01:30 PM
  • Choppy trade in European morning gives way to a rally in NY trading

  • Pair dips below 200-DMA in early NY as trade details leak out nL1N29K0G4

  • Below estimate core PPI grows concerns US inflation slowing, US yields fall

  • USD/CNH turns heavy, some overnight gains erode, AUD/USD lifts above 200-DMA

  • Rally extends above 10-DMA, Jan 14 high, stalls short of the Jan 13 high

  • Bull hammer forms, daily RSI rises; techs lean bullish nL1N29K15G

  • 0.6920/40 resistance, 21-DMA remain hurdles for AUD/USD longs







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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