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Dec 14 - 08:55 AM

AUD/USD - Bulls Buy The Dip Ahead Of Fed Risk

By Christopher Romano  —  Dec 14 - 07:20 AM
  • AUD/USD hit 0.6822 overnight, buyers emerged in Europe's morning

  • Softer US rates EDZ3 weighed down the US$, NY opened near 0.6860

  • USD/CNH fall, equity ESv1 & commodity HGv1 gains help buoy AUD/USD

  • Pair rallied up to 0.6881 before pulling back slightly into NY's open

  • Techs are bullish; RSIs rising, pair above the rising 10- & 21-DMAs

  • 200-DMA, 50% Fib 0.7661-0.6170, Sept. monthly high are impediments for bulls

  • Fed rate move, projections nL1N3331I0 & Powell presser are looming risks

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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