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Jan 08 - 03:48 PM
AUD/USD - Shorts Get Denied By Mid-East Tension De-Escalation
First appeared on eFXplus on Jan 08 - 01:25 PM
  • Investors indecisive early as US-Iran issue gets assessed nL1N29D0FV

  • Big upside surprise to December ADP rallies US yields & US$ nL1N29D0ZY

  • AUD/USD pierces 50% Fib of 0.6670-0.7032, touches the Dec. 19 low

  • Risk lifts on Trump statement, yen sold, stocks & yields rally nL1N29D13Y

  • AUD/JPY nears 75.05, AUD/USD climbs above the 55-DMA, nears 0.6880

  • Daily doji forms, RSI diverges; implies investors are decisive for now

  • U.S. December jobs report looms, if upbeat AUD/USD slide likely resumes


chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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