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Thomson Reuters
Dec 26 - 08:36 PM
AUD/USD - Opens Higher As Big Risk Rally Supports
First appeared on eFXplus on Dec 26 - 05:35 PM
  • Risk assets experience significant bounce from extreme over-sold conditions
  • Dow rallied nearly 5% as market fears of possible Powell dismissal fade
  • Strong US holiday retail sales also provides excuse for rally
  • AUD/USD testing resistance at 0.7065/75 after 2018 low at 0.7021 holds
  • Break above 0.7080 targets the 10-day MA around 0.7100
  • Higher US yields helping to cap price action for now

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Thomson Reuters IFR Markets


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