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Jan 10 - 11:55 AM

AUD/USD - Rally Sellers Lean On Rising Hawkish Fed Expectations

By Christopher Romano  —  Jan 10 - 10:15 AM
  • AUD/USD added to Friday's rally overnight; 21-DMA & daily cloud base pierced

  • 0.7203 hit then rally stalls as a more hawkish Fed is expected nL4N2TQ21Z

  • US 10-yr yield US10YT=RR hits fresh 2-year high, eurodollar EDH2 drop

  • US$ gains on rate rise; yen is bought as risk sours on Goldman's Fed report

  • Equities ESv1 and copper HGv1 fall hard, AUD/JPY drops below 82.55

  • AUD/USD erases overnight gains, falls to 0.7154 before bouncing slightly

  • Daily inverted hammer forms & falling RSIs imply downside momentum in place

  • Support in the 0.7120/30 area is key, if breaks December's low is targeted

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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