By Christopher Romano — Dec 09 - 07:20 AM
AUD/USD fell toward the 10-DMA in Europe's am, 0.6754 hit, buyers emerged
Softer US rates EDM3 & general US$ weakness help drive risk-on trading
Equities ESv1, commodities DCIOc2 gain while USD/CNH trades lower
AUD/USD opens NY near 0.6785, is up +0.24% ahead of Nov. US PPI report
Techs lean bullish; RSIs rising, pair above rising 10- & 21-DMAs
Potential H & S top on daily chart, monthly doji may be warnings for longs
Dec. U. Of Michigan is an additional data risk during NY trading
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Source:
Refinitiv IFR Research/Market Commentary