Forex analytics and overview
Chart of the Day: AUD/USD
2023.01.12 08:43
The is testing the confluence of the 78.6% Fib and the ascending channel’s T/L resistance ahead of the data tomorrow.
A dollar bearish outcome (lower than expected ) should produce a breakout higher for the pair with 0.7025 being the next upside target. Alternatively, a higher-than-expected number should produce a rejection and a move back to 0.67.
