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Apr 25 - 01:55 PM

AUD/USD - REFILE-BUZZ-AUD/USD-Rally Sellers Reinforce Already Bearish Techs

By Christopher Romano  —  Apr 25 - 01:15 PM

Adds graaphic

  • AUD/USD rallied meagerly overnight, pierced the 21-DMA, neared the 10-DMA

  • Pair hit 0.67055 but sellers emerged, AUD/USD then fell sharply on risk-off

  • 11-session low hit and AUD/USD lingered near the low after Europe's close

  • Pair's price action has intensified bearish technical signals

  • Daily, monthly RSI falling, not oversold; implies downside momentum building

  • Monthly inverted hammer candle formed for April & s-t up trend line broken

  • 0.6545/65 is key support, Oct. monthly high, March monthly low in that zone

  • If risk-off intensifies zone may break; 0.6365/0.6405 then comes into focus

  • Australia Q1 CPI, RBA trimmed mean CPI are risks in Asia

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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