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Dec 26 - 03:48 PM
AUD/USD - To 5-Month High, Bullish Momentum Rising; Bulls Eye July High
First appeared on eFXplus on Dec 26 - 12:55 PM
  • AUD/USD remains bid +0.46% to 0.6939, to 5-month high; Thurs range 0.6940-22

  • Liquidity light owing to aussie holiday, YE liquidity

  • UST yields steady, AU yield rise keeps AUD/USD buoyed above the 200-DMA

  • Test of 5-month high, AUD/USD above the 200-DMA builds longs' confidence

  • Monthly RSI rise, 10-DMA set to cross above 200DMA, techs favor AUD strength

  • Break of Dec high targets 23.6 Fib of 0.8136-0.6670 & July's 0.7082 high

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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