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Mar 23 - 05:55 PM

AUD/USD - Shorts Hope This Topping Pattern Delivers For Them

By Christopher Romano  —  Mar 23 - 03:10 PM
  • 10- & 55-DMAs helped cap recent AUD/USD rallies, sharp fall ensues today

  • AUD/USD falls below the daily cloud top, slide extends below 0.7645

  • The neckline of head and shoulder top (0.7644) gets pierced

  • Daily, monthly RSIs drop & aren't oversold, downside momentum is intact

  • Completion of H&S top suggests AUD/USD can trade below the 200-DMA

  • Bears likely targeting support in the 0.7325/40 support zone

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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