By Peter Stoneham — Dec 09 - 06:15 AM
Optimism the driver and this underpinning the Aussie early Friday
Risk sentiment and frothy commodities helping AUD/USD to a 4-day high
Offers just above 0.6800 capped the bull run and now softer Europe midday
China is easing its zero-COVID policy: officials eye increased growth
U.S. PPI data also in the Friday mix and next week's U.S. CPI data
AUD/USD support runs in at 0.6738, 10-day moving average
Initial resistance 0.6800, session high: Dec. 5 0.6851 high next level
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Source:
Refinitiv IFR Research/Market Commentary