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Dec 29 - 11:55 AM

AUD/USD - Up With Help From Latest US Jobs Data

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

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