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Dec 07 - 01:55 PM

AUD/USD - Dip Buyers Reap Rewards, More Rewards Likely To Come

By Christopher Romano  —  Dec 07 - 12:15 PM
  • AUD/USD makes a sharp correction lower and dips below the 10-DMA

  • Buyers emerge though as risk sentiment improves, AUD/USD turns +ve

  • Pair trades to 29-month high after piercing the Aug. 2018 monthly high

  • Large daily bull hammer forms, RSIs imply bullish momentum is intact

  • Test of July 2018 high, 76.4% Fib 0.8136-0.5510 at 0.7516 seem likely

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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