Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 23 - 11:55 PM

AUD/USD - Risk Driven - Targets Resistance Below 0.7100

By Andrew M Spencer  —  Jan 23 - 10:20 PM

  • +0.15%, trades near the top of a 0.7025-0.7045 range - moderate D3 flow

  • Australian businesses conditions moderated in December for a third month

  • Confidence still negative, forward orders slip- pressure eases for RBA hikes

  • RBAWATCH prices Feb 7 25pt hike to 3.35% at 65.76%- unchanged at 3.1% 34.25%

  • Charts; momentum studies and 21 day Bollinger bands head higher

  • 5, 10 & 21 day moving averages climb - positive trending setup

  • Targets a test of major resistance at 0.7091, 61.8% of the 2022 fall

  • Close below last week's 0.6872 base would end topside bias

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!