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AUD Technical Analysis: Bullish Momentum Accelerates - Setups in AUD/JPY, AUD/USD
Markets are continuing to fade concerns around the COVID-19 omicron variant as data from around the globe has confirmed the higher transmissibility/lower lethality trade-off, assuaging concerns that there will be a significant hit the growth prospects. The rally by global equities and weakness in safe havens have proved to be a catalyst for high beta currencies like the Australian Dollar, which just posted fresh monthly highs today against several of its major currency counterparts. Bullish momentum is accelerating for the AUD-crosses into the end of the year, setting up what could be a strong start to 2022. chart ... (full story)