FED: Rough Transcript Of Fed Chair Powell's January Presser

• RES 4: 1.4578 2.0% 10-dma envelope
• RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
• RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
• RES 1: 1.4467 High Dec 19 
• PRICE: 1.4388 @ 16:13 GMT Dec 30
• SUP 1: 1.4336 Low Dec 20  
• SUP 2: 1.4269/4093 20- and 50-day EMA values 
• SUP 3: 1.4011 Low Dec 5 
• SUP 4: 1.3928 Low Nov 25 and a key support 

USDCAD bulls remain in the driver’s seat and the pair is holding on to the bulk of its recent gains. The latest pause appears to be a flag formation - a bullish continuation signal. Note too that moving average studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.4508 next, a Fibonacci projection level. Initial firm support to watch lies at 1.4269, the 20-day EMA. A pullback would be considered corrective.   

• While the NYSE Group markets will close in observance of the National Day of Mourning for President Carter (New York Stock Exchange, NYSE American Equities, NYSE American Options, NYSE Arca Equities, NYSE Arca Options, NYSE Chicago and NYSE National), the CME Group has opted for early close, link HERE
• FI open outcry will close at 1300ET, GLOBEX shortly after at 1315ET.
• More to follow, but economic data expected that day is likely to proceed as normal (weekly jobless claims at 0930ET, Wholesale trade & inventories at 1000ET).
• Treasury auctions scheduled for January 9 remain uncertain (4- & 8W bills at 1130ET, 30Y bond re-open at 1300ET).

• RES 4: 0.6471 High Dec 9
• RES 3: 0.6444 50-day EMA               
• RES 2: 0.6384 High Dec 13   
• RES 1: 0.6274/6323 Low Dec 20 / 20-day EMA
• PRICE: 0.6216 @ 16:12 GMT Dec 30
• SUP 1: 0.6199 Low Dec 19 
• SUP 3: 0.6158 1.236 proj of the Sep 30 - Nov 6 - 7 price swing
• SUP 3: 0.6100 Round number support 
• SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD bears remain in the driver’s seat and the pair is trading closer to latest lows. Recent weakness maintains the price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. Scope is seen for an extension towards 0.6158 next, a Fibonacci projection. Initial firm resistance to monitor is 0.6323, the 20-day EMA.