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Dec 08 - 07:55 PM

AUD/USD - Tired Rally Seeks Infusion Of Fresh Positives

By Krishna K  —  Dec 08 - 05:45 PM
  • AUD/USD consolidates below Mon 27-month peak of 0.7453, seeks fresh impetus

  • Positive vaccine news largely built in, investors gauge delivery schedules

  • Uncertainty over fresh U.S. fiscal stimulus keep bulls in checknL1N2IO29U

  • Strong commodities rally, Australia's better control of pandemic underpin

  • Dalian iron-ore @ record high, copper hovers near 7 1/2 year high

  • Rising business confidence, expectations of strong economic recovery support

  • Resistance 0.7453, 0.7484 high in July 2018; support 0.7400, 0.7370-80

  • For more click on FXBUZ


Australia, Brazil iron ore exports: Click here

Source:
Refinitiv IFR Research/Market Commentary

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