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Dec 21 - 01:55 PM

AUD/USD - Lifts Near Mid-Range Point On Upbeat Risk

By Christopher Romano  —  Dec 21 - 01:34 PM
  • AUD/USD rallies overnight, NY opens near 0.7130, rally extends

  • Equity HGv1, copper HGv1, yield US2YT=RR rally on upbeat risk

  • Safe-havens sold, yen sales lift AUD/JPY to a 2-session high near 81.60

  • Yuan longs gain traction, USD/CNH falls toward 6.3750 in NY hours

  • AUD/USD climbs above the 21-DMA, nears the 10-DMA, hits 0.71465 late

  • Rising monthly, daily RSIs imply upside momentum is growing

  • AUD/USD near mid-point of 0.7080-0.7225, range likely holds during holidays

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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