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MNI BRIEF: Dallas Fed Price Gauge Slows To 4.4% Over Year

USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

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Bullish Trend Sequence Intact

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.7200 Round number resistance
  • RES 3: 0.7137 High Aug 11
  • RES 2: 0.7063 High Jan 18
  • RES 1: 0.7063 High Jan 18 and the bull trigger
  • PRICE: 0.7037@ 07:55 GMT Jan 24
  • SUP 1: 0.6891 20-day EMA
  • SUP 2: 0.6792 50-day EMA
  • SUP 3: 0.6688 Low Jan 3 and key support
  • SUP 4: 0.6650 Low Dec 22

AUDUSD traded higher Monday but remains below last Wednesday’s high of 0.7063. Recent short-term weakness is considered corrective and the 3-month uptrend remains intact. Support to watch lies at 0.6891, the 20-day EMA. A break of this average would signal scope for a deeper pullback and potentially open 0.6792, the 50-day EMA. Clearance of resistance at 0.7063 would confirm a resumption of recent bullish activity.

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  • RES 4: 0.7200 Round number resistance
  • RES 3: 0.7137 High Aug 11
  • RES 2: 0.7063 High Jan 18
  • RES 1: 0.7063 High Jan 18 and the bull trigger
  • PRICE: 0.7037@ 07:55 GMT Jan 24
  • SUP 1: 0.6891 20-day EMA
  • SUP 2: 0.6792 50-day EMA
  • SUP 3: 0.6688 Low Jan 3 and key support
  • SUP 4: 0.6650 Low Dec 22

AUDUSD traded higher Monday but remains below last Wednesday’s high of 0.7063. Recent short-term weakness is considered corrective and the 3-month uptrend remains intact. Support to watch lies at 0.6891, the 20-day EMA. A break of this average would signal scope for a deeper pullback and potentially open 0.6792, the 50-day EMA. Clearance of resistance at 0.7063 would confirm a resumption of recent bullish activity.