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Dec 13 - 09:55 PM

AUD/USD - Soft As Omicron Spread, Undermines Risk Appetite

By Andrew M Spencer  —  Dec 13 - 07:53 PM

  • -0.25% extending Monday's 0.5% fall, as risk soured on global Omicron fears

  • NAB business survey suggested a strong recovery is underway [nS9N2QH02Q

  • Easing restrictions good for the economy, as COVID booster shots rolled out

  • Moderna to manufacture mRNA vaccines in Australia - good news nL4N2SY4HE

  • Charts; daily momentum studies flat line, 21 day Bollinger bands contract

  • 5, 10 & 21 day moving averages conflict - neutral setup, but downtrend holds

  • Sustained 0.7175 21 DMA & 0.7208, 38.2% Oct-Dec fall break would be bullish

  • Close below 0.7112 10 day moving average would bring downtrend back in play

For more click on FXBUZ


aud dec 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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