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Oct 21 - 04:55 AM

AUD/USD - Capped By The 10-Day Moving Average

By Peter Stoneham  —  Oct 21 - 03:30 AM
  • Last week's rebound from 0.6659 was held by the 10DMA at 0.

  • Price is now pivoting the 100DMA and daily cloud top at 0.6695

  • Fourteen day momentum is negative and RSI is falling

  • A Monday close inside the daily cloud could trigger a bearish resumption

  • Key supports are at 0.6659, Oct. 16 low, and 0.6628, 200DMA

  • We lean bearish but will wait for stronger signals

  • AUD/USD Trader TGM2347

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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