AMERICAS OIL: US: Trump Endorses House GOP Reconciliation Strategy

Advisors to US President-elect Donald Trump told Axios that the incoming administration wants regime change in Venezuela but that “doesn't necessarily mean military action.” 

• A Trump adviser involved with foreign policy discussions said: "We wouldn't mind one bit seeing [President Nicolas] Maduro being neighbors with [former Syrian President Bashar al] Assad in Moscow," adding that Maduro is "literally ruining the country ... massive refugee issues, sending criminals to the United States, oil production is down, and there are Chinese, Russians and Cubans in there."
• Axios notes: “Oil interests and investors mounted a pressure campaign late last year to try to smooth relations between the U.S. and Venezuela. In November, they proposed what amounted to an oil-for-migrants deal in which the U.S. would ease sanctions and get more oil products like asphalt from Venezuela. In turn, Venezuela would agree to slow emigration or maybe take back millions of migrants deported from the U.S. But Trump hasn't sounded enthusiastic about striking a deal with Maduro."

• USDJPY is pushing through the low, the weaker Dollar following the earlier tariff story, combined with the lower US Yield have kept the pressure on the USDJPY.
• The next support will be seen just below the figure at 154.97 50-day EMA.
• Latest headline also confirms the WSJ's report that Trump will stop short of imposing Day-One tariffs according to Reuters.

• RES 4: 0.6429 High Dec 12
• RES 3: 0.6384 High Dec 13               
• RES 2: 0.6335 50-day EMA   
• RES 1: 0.6302 High Jan 6
• PRICE: 0.6279 @ 14:42 GMT Jan 20 
• SUP 1: 0.6131 Low Jan 13   
• SUP 3: 0.6100 Round number support
• SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
• SUP 4: 0.5994 1.618proj of the Sep 30 - Nov 6 - 7 price swing

A bearish trend condition in AUDUSD remains intact and the latest recovery appears corrective. The pair has recently breached 0.6179, Dec 31 low, maintaining the price sequence of lower lows and lower highs. Moving average studies are in a bear-mode position too. Scope is seen for an extension towards 0.6100. Resistance at 0.6229, the 20-day EMA, has been pierced. The next resistance to watch is 0.6335, the 50-day EMA.