AUD/USD with .7275 – .7341 Next Target

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The Australian Dollar is holding near its multi-week high early Monday on low volume. Monday, December 27 and Tuesday, December 28 are essentially bank holidays in Australia with the financial markets closed because of Christmas and Boxing Day.

There are no major economic reports in the United States either so traders are going to have to rely on risk sentiment for direction. Early Monday, sentiment is looking a little sour in holiday-thinned trading, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on prices.

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