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Dec 27 - 02:55 AM

AUD/USD - Rallies For Another Go At Vital Fibo Resistance

By Ewen Chew  —  Dec 27 - 01:40 AM
  • AUD/USD climbs to 0.6762, gearing up to test 61.8% Fibo

  • If it ends Tues above 0.6762, further upside unlocked

  • That resistance last week deflected a failed AUD/USD rally

  • If Fibo breached, Bollinger uptrend channel at 0.6801 viable

  • Risk appetite picks up as China ends quarantine rules nL1N33G0FF

  • China aims to boost consumption, tourism support nL4N33H0QB

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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