By Christopher Romano — Dec 30 - 12:45 PM
AUD/USD rallied in Europe's morning, NY opened near 0.6795
Whippy price action ensued, pair traded 0.6809 to 0.67585
Buyers emerged however & broad based US$ weakness resumed
USD/CNH drop below 6.9060, commodity DCIOc2 gains help buoy AUD/USD
Nikkei report on BOJ inflation forecast nFWN33K0U5 drives US$ lower
AUD/USD rallied to a fresh 11-session high of 0.6815 late in the day
AUD/JPY drop below 89.45, equity ESv1 fall help to limit AUD/USD gains
AUD/USD techs lean bullish; 21-DMA supports, daily bull hammer forms
Rising daily, monthly RSIs reinforce bullish technical signals
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Source:
Refinitiv IFR Research/Market Commentary