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Outperforms, Domestic Markets Closed Today


AUD/USD prints at $0.7105, ~0.8% firmer in yesterday's trading. AUD was the strongest performer in G-10 space at the margins.

  • The pair was pressured through the European session, paring some of its post-CPI gains after meeting resistance above $0.7120. Support was seen at $0.7070.
  • US Equities recovered off session lows, pressuring the greenback. AUD/USD recouped earlier losses to deal above $0.71.
  • AUD/NZD closed above its 200-day EMA, printing its strongest level since mid-November. AUD/JPY is also dealing above its 200-day EMA, finishing a touch above ¥92 handle.
  • AUD/USD cleared resistance at $0.7063 yesterday (18 Jan high), confirming the resumption of the up-trend. Bulls now target $0.7123, yesterday's high. Bears first look to target the 20-day EMA at $0.6906 to turn the tide.
  • Liquidity will be impacted today due to the observance of the Australia Day holiday with domestic markets closed.

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