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Dec 30 - 01:55 AM

AUD/USD - Overcomes Pivotal Fibo, Prepares For 2021 Rally

By Krishna K  —  Dec 30 - 12:05 AM
  • AUD/USD +0.7% in Asia; pivotal resistance yields as dollar weakens broadly

  • Traders position for 2021 USD decline on global growth optimism

  • Doubts over additional U.S. stimulus tempers risk appetite but AUD unfazed

  • Defying Trump, McConnell puts off vote on $2,000 checks nL1N2J90H3

  • Australia iron ore earnings at A$139 bln record high in year to Nov; AUD +ve

  • Growing Sydney virus outbreak limits gains, tighter social curbs announced

  • 0.7638,38.2% of 2011-2020 drop yields, next resistance 0.7677 June 2018 high

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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