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Dec 08 - 11:55 PM

AUD/USD - Moves Higher With Risk Appetite And The Softer USD

By Andrew M Spencer  —  Dec 08 - 10:30 PM

  • +0.3% near the top of a 0.6763-0.6800 range - busy from late morning on D3

  • Commodities firmer, Nikkei +1.35%, AsiaxJP +1%, ASX 200 +0.5% - risk on

  • U.S. dollar and risk appetite will continue to lead AUD/USD into the weekend

  • Charts; momentum studies, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands edge higher - uptrend stalled, but remains in place

  • Key levels are 0.6590 38.2% Oct-Dec rise and 0.6851 Dec high

  • Fed, ECB and BoE rates, Aus jobs and RBA Lowe speech event risk next week

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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