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Dec 07 - 08:55 AM

AUD/USD - Key Impediment Threatened On PBOC, Easing Omicron Fears

By Christopher Romano  —  Dec 07 - 07:30 AM
  • RBA cash rate unch, says Omicron unlikely to derail recovery nL1N2SS04B

  • PBOC RRR cut nL1N2SS08T helps drop USD/CNH near 6.3660, rallies risk

  • Equities ESv1, copper HGv1, iron-ore DCIOc2 all up on the session

  • Safe-haven yen sold on upbeat risk, AUD/JPY rallies towards 80.75

  • AUD/USD breaks Friday's high, hits 0.71065 in early NY trading

  • Dec 2 high & 10-DMA, which has been capping rallies, are now threatened

  • Monthly bull hammer candle forms after 0.7000 area holds, daily RSI rising

  • Break of 10-DMA, Dec 2 high should trigger stops, drive test of 0.7170/75

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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