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Thomson Reuters
Jan 10 - 09:48 PM
AUD/USD - Firm Retail Sales And Mnuchin Comments Underpin AUD/USD
First appeared on eFXplus on Jan 10 - 07:55 PM
  • AUD/USD blips to a high of 0.7205 as Nov retail sales +0.4% vs +0.3% fcast
  • Retail activity has been a weak point in the economy, so data is supportive
  • Mnuchin said China's Liu He will likely visit DC later in Jan, also positive
  • Next resistance at the 76.4 Fibo at 0.7234, then Dec 13 high at 0.7247
  • Support at 100 and 55 DMAs at 0.7176/82, Thurs low at 0.7146
  • 5 & 10 DMAs cross higher, momentum studies head up supporting further gains

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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