By Andrew M Spencer — Dec 17 - 07:20 PM
-0.1%, after key 0.7638 resistance capped offshore - 38.2% 2011-2020 fall
Likely profit taking into the weekend, after a solid 1.1% gain this week
Sydney suburbs face new COVID-19 cluster, which is growing nL1N2IX2UV
Charts; 5, 10 & 21 daily, weekly and monthly moving averages trend north
Strong and rare bullish setup targets 0.7638 break, 38.2% 2011-2020 fall
Sustained 0.7640 break would initially target 0.7677 June 2018 high
Close below 0.7525, 10 DMA a base on this move, would undermine bias
0.7615 NY low and earlier 0.7628 high initial support-resistance
For more click on FXBUZ
aud dec 18 Click here
Source:
Refinitiv IFR Research/Market Commentary