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Dec 26 - 04:55 PM

AUD/USD - Buoyed Risk Assets Gives Longs The Advantage

By Christopher Romano  —  Dec 26 - 01:15 PM
  • NY opened near 0.6805, pair then rallied to 0.68195 in early trading

  • Slight dip then ensued, 0.6805 neared but pair traded above 0.6815 late

  • Gains aided by USD/CNH drop, equity ESv1 & iron-ore DCIOc2 gains

  • UST 2-yr yield US2YT=RR gains likely helped limit AUD/USD's gains

  • AUD/USD traded up +0.11% late in the session and techs were bullish

  • Rising RSIs, December monthly bull hammer highlight upside risks

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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