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Nov 18 - 03:55 PM

AUD/USD - Longs Defend The Base, Squeeze Could Be Coming

By Christopher Romano  —  Nov 18 - 01:37 PM
  • AUD/USD rallies to 0.7292 in Europe am, NY opens just below the high

  • US rates <edm@><span class="tr-legacy-usage-quote" id="x1">US10YT=RR</span> gain after claims, Philly Fed <span class="tr-pnac" id="x4">nL1N2S8280</span></edm@>

  • US$ rallies on data while Equities ESv1, copper HGv1, AUD/JPY fall

  • AUD/USD tests the bull channel base, hits 0.7250 then bounces

  • US rate gains fade, US$ selling takes hold, USD/CNH slips below 6.3790

  • AUD/USD rallies, turns positive, sits near 0.7280 late in the day

  • Daily RSI diverges, doji candle forms, pair above 76.4% Fib of 0.7171-0.7555

  • Daily techs warning shorts that a squeeze could be coming

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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