There’s arguably only one to be aware of on the day, as highlighted in daring under.
That being for AUD/USD on the 0.6700 degree (sure, 6-7~~~ ¯_(ツ)_/¯). The pair has been flirting with a firmer break above the determine degree because the finish of December buying and selling. And right this moment, it appears like consumers is likely to be getting that added impetus to push for a breakthrough. That may see the pair rise as much as the very best since October 2024, with little standing in the best way of a possible retest of the 2024 highs simply above 0.6900.
A softer greenback and extra optimistic danger urge for food continues to strengthen the momentum, so the expiries might act as a flooring in case we do see some gentle promoting within the session forward. The important thing hourly transferring averages round 0.6691-94 at present may even add one other layer close to the expiries to supply some assist for value motion.
In any other case, the pair ought to keep underpinned on the day with little else to essentially distract from issues earlier than the Australia month-to-month CPI knowledge tomorrow and the sluggish drip of US labour market knowledge earlier than the non-farm payrolls on Friday.
For extra info on learn how to use this knowledge, it’s possible you’ll seek advice from this put up here.
Head on over to investingLive (previously ForexLive) to get in on the know!
