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Nov 11 - 01:55 PM

AUD/USD - Dip Buyers May Soon Emerge

By Christopher Romano  —  Nov 11 - 12:41 PM
  • AUD/USD falls to a fresh 1-month low after probing the thin daily cloud

  • Daily, monthly RSIs imply downside momentum in place but daily near oversold

  • AUD/USD fall likely to extend but key supports are near & may attract buyers

  • Oct 7 low, 76.4% Fib of the 0.7171-0.7555 rally sit in the 0.7260/70 zone

  • The base of the rising channel on daily charts currently sits 0.7242

  • 76.4% Fib retracement is frequently a spot where trends reverse or correct

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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