AUD/USD's Bullish Reversal Seems to Be Unfolding, Charts Show -- Market Talk

Dow Jones01-23

0703 GMT - AUD/USD's bullish reversal seems to be unfolding, based on technical charts, says Kelvin Wong, senior market analyst at Oanda, in an email. The currency pair's pullback from Monday's Asia session high of 0.6614 managed to stall at short-term support of 0.6570, the analyst notes. The currency pair has also rebounded above the 200-day moving average, while its daily relative strength index's momentum indicator has signaled a bullish condition near the oversold level of 30, the analyst says. Near-term resistance is at 0.6640, which represents the 50-day moving average and minor descending trendline from the Dec. 28 high, the analyst adds. AUD/USD is up 0.6% at 0.6611. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 23, 2024 02:03 ET (07:03 GMT)

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The currency pair has also rebounded above the 200-day moving average, while its daily relative strength index's momentum indicator has signaled a bullish condition near the oversold level of 30, the analyst says. Near-term resistance is at 0.6640, which represents the 50-day moving average and minor descending trendline from the Dec. 28 high, the analyst adds. AUD/USD is up 0.6% at 0.6611. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2024 02:03 ET (07:03 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AUD/USD's Bullish Reversal Seems to Be Unfolding, Charts Show -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAUD/USD's Bullish Reversal Seems to Be Unfolding, Charts Show -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-23 15:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0703 GMT - AUD/USD's bullish reversal seems to be unfolding, based on technical charts, says Kelvin Wong, senior market analyst at Oanda, in an email. The currency pair's pullback from Monday's Asia ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2405978121","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2405978121","pubTimestamp":1705993380,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0703 GMT - AUD/USD's bullish reversal seems to be unfolding, based on technical charts, says Kelvin Wong, senior market analyst at Oanda, in an email. The currency pair's pullback from Monday's Asia session high of 0.6614 managed to stall at short-term support of 0.6570, the analyst notes. The currency pair has also rebounded above the 200-day moving average, while its daily relative strength index's momentum indicator has signaled a bullish condition near the oversold level of 30, the analyst says. Near-term resistance is at 0.6640, which represents the 50-day moving average and minor descending trendline from the Dec. 28 high, the analyst adds. AUD/USD is up 0.6% at 0.6611. 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