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Dec 13 - 10:55 PM

AUD/USD - Heavy On Subdued Risk Demand, As Omicron Spreads

By Andrew M Spencer  —  Dec 13 - 10:14 PM

  • Off 0.45% and weaker across the board, AUD/NZD -0.3%, AUD/JPY -0.4%

  • AUD a proxy for risk appetite - regional stocks and commodities are lower

  • NSW recorded 804 new COVID-19 cases, a post lockdown high as Omicron spreads

  • Australian business conditions improve, as jobs rebound in Nov nS9N2QH02Q

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

  • 5, 10 & 21 day moving averages crest - neutral setup as downtrend holds

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

  • Close below broken 0.7110 10 DMA would bring downtrend back in play

For more click on FXBUZ


aud 2 dec 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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