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Dec 29 - 04:55 PM

AUD/USD - U.S. Dollar, Yen Bears Put Shorts On Defense

By Christopher Romano  —  Dec 29 - 01:29 PM
  • AUD/USD falls in Europe am, buyers emerge near 0.7215, NY opens near 0.7225

  • Safe-haven US$, yen sales & copper bounce, equity gains help extend lift

  • AUD/JPY rallies toward 83.50, AUD/USD nears the Nov 22 high, hits 0.7270

  • Offers near Nov 22 high, 55-DMA halt the rally, pair dips toward 0.7245 late

  • Rising RSIs, monthly bull hammer candle are bullish technical signals

  • Break above 55-DMA, Nov 18 high should see longs target 0.7365/70 area

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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