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
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Source:
Refinitiv IFR Research/Market Commentary