Forex: AUD/USD in fresh highs, around 1.0570
FXstreet.com (Barcelona) - The increasing risk appetite after the BoJ gathering has pushed the Aussie dollar to the actual area of 1.0570/75, printing fresh intraday highs.
According to NAB, "For AUDUSD, it should very much be driven by AUDJPY today, and as such if there is a 'buy (the yen) reaction to as-expected BoJ news and which pulls AUDJPY lower, the 1.05 level is again likely to be pressured during the Australian afternoon".
AUDUSD is now advancing 0.49% at 1.0568 with the next resistance at 1.0577 (high Jan.21) and finally 1.0580 (high Jan.16).
On the downside, a break below 1.0493 (low Jan.21) would accelerate the decline towards 1.0485 (low Jan.180 and then 1.0470 (low Jan.8).
According to NAB, "For AUDUSD, it should very much be driven by AUDJPY today, and as such if there is a 'buy (the yen) reaction to as-expected BoJ news and which pulls AUDJPY lower, the 1.05 level is again likely to be pressured during the Australian afternoon".
AUDUSD is now advancing 0.49% at 1.0568 with the next resistance at 1.0577 (high Jan.21) and finally 1.0580 (high Jan.16).
On the downside, a break below 1.0493 (low Jan.21) would accelerate the decline towards 1.0485 (low Jan.180 and then 1.0470 (low Jan.8).
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