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Dec 30 - 04:55 PM

AUD/USD - Longs Triumph After A Whippy Year-End Session

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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