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Jan 04 - 01:55 PM

AUD/USD - Dip Buyers Get Exposed

By Christopher Romano  —  Jan 04 - 12:22 PM
  • AUD/USD fell sharply Monday but have erased most of those losses today

  • Dip buyers emerged near the 21-DMA, rising trend line off the Dec 6 low

  • Rising daily RSI & the December monthly bull hammer favor longs

  • Break, hold above the 55-DMA, 0.7375/90 area will give longs greater control

  • Should rally intensify longs likely target the 200-DMA, currently at 0.7441

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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