By Christopher Romano — Dec 05 - 11:40 AM
AUD/USD hit a 3-month high Monday but then turned lower on the session
Upbeat US data nL1N32V160 sent US rates EDH3 & the US$ sharply higher
Risk soured; stocksESv1, commoditiesHGv1 fell & USD/CNH bounced up
AUD/USD broke the Dec. 2 low & 10-DMA, hit 0.6725 into Europe's close
Daily RSI diverged on today's high, daily bear engulfing candle formed
Monthly RSI falling now as well & a monthly gravestone doji have formed
Up trend off Oct. low intact but a deep corrective pull back seems likely
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Source:
Refinitiv IFR Research/Market Commentary