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Dec 26 - 07:55 PM

AUD/USD - Perks Up As China Scraps Inbound Quarantine Rule

By Ewen Chew  —  Dec 26 - 06:25 PM
  • AUD/USD perks up to 0.6739 from 0.6732 with China risk-on

  • China scraps inbound quarantine from Jan 8 nL1N33G0FF

  • Accelerated reopening clearly beneficial for AUD

  • Further gains possible if AUD/USD surpasses 61.8% Fibo 0.6762

  • Could then aim to enter Bollinger uptrend channel 0.6800

  • Australia financial markets closed Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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