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Dec 16 - 11:55 PM

AUD/USD - COVID-19 Flares - 0.7260 Test Beckons Technically

By Andrew M Spencer  —  Dec 16 - 10:23 PM

  • Slipped 0.15%, trading towards the base of a low key 0.7169-0.7182 range

  • Regional stocks mostly lower with Wall Street - other markets little changed

  • UK, Australia sign deal forecast to give GBP10 BLN trade boost nL8N2T15HL

  • COVID-19 cases hit record levels - intensive care numbers key nL1N2T203X

  • Charts; 5, 10 & 21 DMAs conflict, 21 day Bolli bands contract- neutral setup

  • Lower 21 day Bolli band rejection and close above 0.7147 21 DMA was bullish

  • Targets a test of the falling 0.7261 upper 21 day Bollinger band short term

  • NY 0.7169 low and Asia's 0.7182 high initial support and resistance

For more click on FXBUZ


aud 2 dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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