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Dec 08 - 08:55 AM

AUD/USD - The Dip Gets Bought But The Range Stays Tight

By Christopher Romano  —  Dec 08 - 07:20 AM
  • Rising US rates EDH3, US$ help sink AUD/USD overnight, 0.66985 hit

  • Buyers emerged when US$ buying abated while risk sentiment was buoyed

  • Equity ESv1, commodity HGv1 gains & USD/CNH slip from high buoy risk

  • AUD/USD rallied to 0.6737, NY opens near 0.6730, trades +0.06%

  • Pair struggles to break free of the magnetic 10- & 21-DMAs

  • Falling monthly RSIs, Dec. monthly doji candle should concern longs

  • US weekly, continuing jobless claims are a key data risk Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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