AUDUSD TECHS: Resumes Its Uptrend
Jan-25 20:30
- RES 4: 0.7202 High Jun 9
- RES 3: 0.7175 1.764 proj of the NOv 21 - Dec 13 - Dec 20 price swing
- RES 2: 0.7137 High Aug 11 and key resistance
- RES 1: 0.7123 High Jan 25
- PRICE: 0.7078 @ 16:22 GMT Jan 25
- SUP 1: 0.6994/6906 Low Nov 23 / 20-day EMA
- SUP 2: 0.6872 Low Jan 19 and a key support
- SUP 3: 0.6802 50-day EMA
- SUP 4: 0.6688 Low Jan 3 and key support
AUDUSD traded higher Wednesday and in the process cleared resistance at 0.7063, the Jan 18 high. The breach confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Attention is on the next key resistance at 0.7137, the Aug 11 high where a break would strengthen underlying bullish conditions. On the downside, short-term support is seen at the 20-day EMA - it intersects at 0.6906.
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LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Dec-26 06:23
| Date | Time | Period | Event |
| 03-Jan | 0930 | Dec | IHS Markit/CIPS Manufacturing PMI (Final) |
| 04-Jan | 0001 | Dec | BRC Monthly Shop Price Index |
| 04-Jan | 0930 | Nov | BOE M4 / Lending |
| 05-Jan | 0930 | Dec | IHS Markit/CIPS Services PMI (Final) |
| 05-Jan | 0930 | Dec | BOE Dec DMP Survey |
| 06-Jan | 0930 | Dec | IHS Markit/CIPS Construction PMI |
| 07-Jan | 1615 | BOE Mann Panellist at American Economics Association | |
| 08-Jan | 1300 | BOE Pill Panellist at American Economics Association | |
| 09-Jan | ---- | ---- | House of Commons Returns |
| 11-Jan | 0001 | Dec | BRC-KPMG Shop Sales Monitor |
| 13-Jan | 0700 | Dec | UK Monthly GDP/Services/Production/Trade/Construction |
| 17-Jan | 0700 | Dec | Labour Market Survey |
| 18-Jan | 0700 | Dec | Inflation report |
| 18-Jan | 0930 | Dec | ONS House Price Index |
| 20-Jan | 0700 | Dec | Retail Sales |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Dec-26 06:18
| Date | Time | Country | Event |
| 29-Dec | 0800 | ES | Retail Sales |
| 29-Dec | 0900 | EU | HICP (p) / M3 |
| 30-Dec | 0800 | ES | HICP (p) |
| 02-Jan | 0815 | ES | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0845 | IT | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0850 | FR | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0855 | DE | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0900 | EU | S&P Global Manufacturing PMI (f) |
| 03-Jan | 0855 | DE | Unemployment |
| 03-Jan | 1300 | DE | HICP (p) |
| 04-Jan | 0745 | FR | Consumer Sentiment / HICP |
| 04-Jan | 0815 | ES | S&P Global Services PMI (f) |
| 04-Jan | 0845 | IT | S&P Global Services PMI (f) |
| 04-Jan | 0850 | FR | S&P Global Services PMI (f) |
| 04-Jan | 0855 | DE | S&P Global Services PMI (f) |
| 04-Jan | 0900 | EU | S&P Global Services PMI (f) |
CHINA SETS YUAN CENTRAL PARITY AT 6.9825 MON VS 6.9810
Dec-26 01:21
- CHINA SETS YUAN CENTRAL PARITY AT 6.9825 MON VS 6.9810
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