Daily Market Analysis 24.01.2023: AUDUSD

Instrument: AUDUSD

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 0.70324 with a take profit at  0.70481
Bearish Preference: 
A Sell position is envisaged if the price trades below 0.70112 with take profit at 0.69935
3:45 PM  USD Flash Services PMI  

AUD/USD has sensed selling interest while attempting to surpass the immediate resistance of 0.7040 in the Asian session. The Aussie asset is witnessing heat after the release of the downbeat preliminary Australian S&P PMI (Jan) data in early Tokyo. Also, a recovery in the US Dollar Index (DXY) has triggered volatility in the Aussie asset.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Wishlist 0
Open wishlist page Continue shopping