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Dec 19 - 08:55 AM

AUD/USD - A 26-Month Low Hit But Bulls Grab Hold Of Better Risk

By Christopher Romano  —  Dec 19 - 07:15 AM
  • AUD/USD extended the Fed-induced drop in Asia, 0.6199 hit, a 26-month low

  • Buyers emerged, 0.6251 hit in Europe, NY opened near 0.6250, up +0.50%

  • US yield US2YT=RR slip & better risk sentiment helped AUD/USD rally

  • AUD/JPY rally toward 98.15, USD/CNH drop toward 7.3060 buoyed AUD/USD

  • Gold XAU=, equity ESv1 rallies helped weigh down US$ & lift AUD/USD

  • Daily techs warn shorts; RSI diverged, bull hammer candle formed

  • Short-term tech signs warn of a correction but monthly techs remain bearish

  • US Q3 GDP final, weekly claims, Dec. Philly Fed are data risks in NY

  • Nov. Existing home sales & Dec. KC Fed surveys risks are also due

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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