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