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Jan 06 - 03:55 PM

AUD/USD - Early Setback Shrugged Off, Pair Hovers Near Trend High Above 0.78

By Paul Spirgel  —  Jan 06 - 01:40 PM
  • AUD/USD remains firm, ends NY +0.48% at 0.7798; Wed range 0.7820-0.7733

  • Pair puts in 33-month high 0.7820 as Senate runoff stokes glbl growth view

  • AUD/USD bulls reminded markets aren't a one-way street nL1N2JH184

  • Aussie selloff short-lived pair remain buoyed by rising commods, US stimulus

  • Pair continues to ride upper 30-d Bolli higher, Mar 2018 high 0.7916 in view

  • Further gains in yuan CNH=D3 likely drag AUD, other Asia CCYs higher

  • Techs bullish, RSI/Stochs O/B may see recent longs lighten

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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