By Christopher Romano — Dec 29 - 09:45 AM
AUD/USD traded 0.6756-0.6710 overnight, NY opened near the 200-HMA
Rise in US weekly, continuing claims nL1N33I0WA soften yields US2YT=RR
AUD/USD rallied into positive territory, nears 0.6760 in early trading
Equity ESv1, commodity DCIOc2 gains help to buoy AUD/USD as well
AUD/JPY fall towards 89.65 likely help to limit AUD/USD gains
Techs are mixed; pair above 10- & 21-DMAs, daily bull hammer formed
Monthly RSI falling however and monthly doji candle implies indecision
AUD/USD longs need above the 200-DMA, 0.6900/20 zone for rally to resume
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary