By Ewen Chew — Dec 01 - 12:40 AM
AUD/USD powers up to 0.6818 in continuation of Wed rally
Wed closing crossed Fibo, activated Bollinger uptrend channel
Bollinger band 0.6770 and 61.8% Fibo at 0.6762 to support dips
Bulls will aim for next Fibo retracement at 0.6902, then 0.7000
Risk-on persists in wake of less hawkish Powell, China news
China softens tone on COVID severity, eyes vaccinations nL8N32R04F
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Source:
Refinitiv IFR Research/Market Commentary