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Dec 01 - 01:55 AM

AUD/USD - Powers Up; Bullish Signal Targets Next Fibo 0.6902

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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