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DAILY MARKET REVIEW — 17/01/2017

DAILY MARKET REVIEW — 17/01/2017

 

The World Economic Forum 2017 in Davos is the main market mover

 

Forex

AUD/USD

The pair trended negatively yesterday thanks to a correction after last week’s growth. Meanwhile, the pair grew significantly this morning, as the 2017 World Economic Forum in Davos started.

Australia’s new motor vehicle sales  grew, providing key support for the Australian dollar. Further dynamics of the pair will depend on statements from FOMC Members.

Resistance: 0.75542, 0.75809, 0.76097
Support: 0.75025, 0.74620, 0.74268

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