By Christopher Romano — Apr 23 - 11:40 AM
AUD/USD fell to 0.64415 overnight, buyers emerged and a rally ensued
Pair rallied above the 10-DMA, hit a 6-session high of 0.6490
Rally stopped at 0.6490/0.6510 zone, series of daily highs/lows sit there
Daily RSI is rising, implies short-term upward momentum is in place
55- & 200-DMAs, April 12 daily high are targets should resistance break
Thinning daily cloud could attract price action, sits 0.6770/0.6589
April monthly doji in place, may be another concern for AUD/USD shorts
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary