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Dec 15 - 03:55 PM

AUD/USD - Brexit, Relief Aid, Vaccine Hopes Give Bulls The Edge

By Christopher Romano  —  Dec 15 - 01:35 PM
  • Quiet market in Europe am, NY opens near 0.7520, rally ensues

  • Upbeat risk takes hold, stocks & commodities gain, safe-havens sold

  • Vaccine nL4N2IV31C & Brexit nS8N2HC0BN hopes give initial risk boost

  • Hope for US coronavirus relief nL1N2IV1UZ gives risk an added boost

  • AUD/JPY climbs above 78.50, AUD/USD rallies above 0.7570

  • Resistance near 0.7580 untouched though as Fed meeting risk remains

  • Techs remain bullish; RSIs rise and a daily bull hammer forms

  • Test of April, June 2018 monthly highs still seems likely

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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