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Dec 30 - 04:55 PM

AUD/USD - Adds 1% In Risk-Driven Drive Toward 2018's Highs

By Randolph Donney  —  Dec 30 - 02:27 PM
  • New 32-month highs as USD dive adds lift to commodity currencies

  • Prices up 1% last and probing upper 21-day Bolli band by 0.7690

  • 0.7690 is also the 100% Fibo off November's base, a transient hurdle

  • The 161.8% Fibo off the November base is at 0.7906

  • With daily and weekly RSIs getting overbought, 0.7906 likely to hold

  • At least initially, with the 100% Fibo at 0.7690 then a pullback target

  • Monthlies point to eventual retest of 2018's 0.8136 high nL1N2JA18Z

  • The rising 21-day moving average support is currently at 0.7573

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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