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Dec 22 - 01:55 PM

AUD/USD - Longs Hold The Winning Cards

By Christopher Romano  —  Dec 22 - 01:29 PM
  • Overnight dip to 0.7121 stalls and buyers emerge as risk-on takes hold

  • Equities ESv1, copper HGv1 gain while safe-havens US$, yen are sold

  • Yen sales drive AUD/JPY to a 1-month high, nears 82.50 & sits nearby late

  • AUD/USD climbs above the 10-DMA, opens NY near 0.7165 & steadily climbs

  • Pair hits 0.7220 late in the session and very little pull back is seen

  • Techs are bullish; RSIs are rising, monthly & daily bull hammers form

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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