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Dec 07 - 11:55 PM

AUD/USD - Bid With Risk As Downtrend Comes Under Pressure

By Andrew M Spencer  —  Dec 07 - 10:43 PM

  • Up 0.25% with the softer USD on buoyant regional stocks and risk appetite

  • Trades towards the top of a 0.7115-0.7142 range with continuous interest

  • Australia to regulate crypto and BNPL in payments overhaul nL1N2SS2YB

  • Essential move by regulators, with many countries eying similar moves

  • Charts; 10 & 21 daily and weekly moving averages trend lower

  • Daily momentum studies conflict, 21 day Bollinger bands contract

  • Close above 0.7108 10 DMA which capped downtrend suggests caution for bears

  • Bulls need a sustained break of the 0.7195 21 DMA to get excited

    For more click on FXBUZ


aud 2 Dec 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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