Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Dec 31 - 01:55 PM

AUD/USD - Froth Trimmed Back After 2.4% Final 2020 Week Rise

By Randolph Donney  —  Dec 31 - 11:50 AM
  • AUD/USD up 2.4% this week before broader USD pullback into Ldn close

  • Prices a bit overbought, with daily RSI in divergence thus far

  • Prices also spiking past upper 21-day Bolli at 0.7718 last

  • Will be watching Monday to see if prices can clear that Bolli

  • If not, risk of mean reversion to the 21-DMA at 0.7552 increases

  • Weekly RSIs also getting overbought, but no divergence yet

  • Decent China PMIs nL1N2JB01O supportive of commodity-linked currencies

  • Eventual retest of 2018's 0.8136 peak is expected in 2021

  • Washington angst on the agenda into New Year nL1N2JB10T

For more click on FXBUZ

Chart Click here

Chart Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved