AUDUSD TECHS: Trend Direction Remains Up
Jan-12 07:21
- RES 4: 0.7137 High Aug 11
- RES 3: 0.7059 2.236 proj of the Oct 13 - 27 - Nov 3 price swing
- RES 2: 0.7009 High Aug 26
- RES 1: 0.6976 2.00 proj of the Oct 13 - 27 - Nov 3 price swing
- PRICE: 0.6893 @ 07:19 GMT Jan 12
- SUP 1: 0.6860 Low Jan 9
- SUP 2: 0.6797 20-day EMA
- SUP 3: 0.6688 Low Jan 3 and key support
- SUP 4: 0.6650 Low Dec 22
AUDUSD is consolidating but holding on to its recent gains. A bullish theme remains intact. The pair has cleared 0.6893, the Dec 13 high and this confirmed a resumption of the uptrend that started Oct 13. The move higher maintains the bullish price sequence of higher highs and higher lows and note that moving average studies are in a bull mode position. The focus is on 0.6976, a Fibonacci projection. Key support lies at 0.6688, the Jan 3 low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
BUNDS: ALL EYES on US CPI
Dec-13 07:18
- German final CPI came inline with expectation on the Cash open, so limited impact into the Bund contract, with ALL EYES on the US CPI today.
- A tight overnight session, but it remains near the December low.
- Support comes at 139.85, while resistance moves down to 140.70.
- Today sees, Italian IP, German ZEW, and the awaited US CPI, and real earnings.
- BOE releases financial stability report.
- SUPPLY: Italy 2024 (equates to 11k short BTP), 2026, 2029 (equates to combined 28.3k BTP) should weigh into the bidding deadline.
- US also sells $18bn of 30yr reopening.
MNI: UK NOV CLAIMANT CHG +30400
Dec-13 07:01
- MNI: UK NOV CLAIMANT CHG +30400
- UK NOV CLAIMANT RATE +3.9%
- UK OCT ILO UNEMPLOYMENT RATE +3.7%
- UK OCT AVE WEEKLY EARNINGS +6.1% YY
- UK OCT AVE WEEKLY EARNINGS EX-BONUS +6.1% YY
MNI: NORWAY OCT MAINLAND GDP +0% M/M, AGG GDP -1% M/M
Dec-13 07:00
- MNI: NORWAY OCT MAINLAND GDP +0% M/M, AGG GDP -1% M/M
Related by topic
Foreign Exchange Technical Analysis
markets-real-time
