• AUD/USD trimmed a modest loss as US shares turn positive

• Holds to tight 0.6240-0.6264 range in light turnover due to holidays

• Softer yuan, lower metal prices and rising Trsy yields caps topside

• Pair remains oversold on 14-day RSI

• CFTC showed large $4.4b increase in AUD shorts for week ending Dec 20

• Oct 13 2022 low at 0.6169 is below its 0.6202 lower Bollinger

• Needs to top 0.6339 Dec 18 high, 0.6287 21-DMA to encourage bulls

For more click on FXBUZ