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Jan 04 - 08:55 AM

AUD/USD - Bulls Take The Lead In Early 2021

By Christopher Romano  —  Jan 04 - 07:33 AM
  • US$ broadly lower as upbeat risk takes hold to begin the new year

  • Equities ESv1, copper HGv1 & iron-ore DCIOc2 all up on the session

  • USD/CNH sharply lower on the session but off the overnight lows

  • AUD/USD rallies to 0.7740 but dips slightly as USD/CNH bounces in early NY

  • Some risks to AUD/USD's rally do exist so some caution is warranted

  • Georgia US Senate run-off takes place Tuesday, polls suggest a tight race

  • Daily RSI not confirming today's high implies bull momentum could be fading

  • 0.7660/80 region is key s-t support, if breaks 0.7600/20 is targeted

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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