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Dec 24 - 12:12 PM
AUD/USD - Bulls Hold The Reins In Quiet Markets
First appeared on eFXplus on Dec 24 - 10:05 AM
  • US$ trades slightly heavy, Dec Philly Fed services helps weigh nAQN01QIWN

  • AUD/USD holds onto recent gains, stays buoyed above the 200-DMA

  • Rise in Aussie 10-yr bond yield, tighter AU-US spreads help buoy AUD/USD

  • Continued hold above the 200-DMA is building longs' confidence

  • Monthly RSI rising, 10-DMA poised to cross above 200-DMA, techs favor longs

  • Break of Dec high targets 23.6 Fib of 0.8136-0.6670 & July's 0.7082 high







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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