Forex: AUD/USD around 1.0560 after data
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AUD/USD
FXstreet.com (Barcelona) - The Aussie dollar is trading in the upper en of today's range, buoyed by the generalized risk-on mode, despite the softer-than-expected data in Home Loans, contracting 0.5% during November. Continuing with the data, inflation figures in December, measured by TD Securities Inflation, rose 0.4% MoM and 2.4% on a yearly basis.
At the moment, AUDUSD is up 0.03% at 1.0555 with the next hurdle at 1.0586 (hourly high/low Jan.11) ahead of 1.0600 (option barrier0 and 1.0604 (Upper Bollinger).
On the flip side, a dip beyond 1.0531 (low Jan.11) would clear the way to 1.0520 (hourly highs. Jan.9) and then 1.0494 (MA10d).
At the moment, AUDUSD is up 0.03% at 1.0555 with the next hurdle at 1.0586 (hourly high/low Jan.11) ahead of 1.0600 (option barrier0 and 1.0604 (Upper Bollinger).
On the flip side, a dip beyond 1.0531 (low Jan.11) would clear the way to 1.0520 (hourly highs. Jan.9) and then 1.0494 (MA10d).
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