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Dec 17 - 03:55 PM

AUD/USD - Bull Lose Traction, Cannot Add To Overnight Gains

By Christopher Romano  —  Dec 17 - 01:40 PM
  • Sharp rally in Europe's am, 0.7639 trades, NY opens near 0.7635

  • Pair drops despite above estimate weekly US claims which sank US$

  • AUD/JPY drop toward 78.40 helps sink AUD/USD towards 0.7615

  • AUD/USD bounces near 0.7630 though as equities, commodities rally

  • Techs are bullish; daily, monthly RSIs imply bull momentum is intact

  • June 2018 monthly high is the next impediment for AUD/USD bulls

  • Break above that high opens the door to 0.7790/0.7820 zone

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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