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Apr 26 - 01:55 PM

AUD/USD - Key Fibo Is In Jeopardy With Help From Rally Sellers, Daily Cloud

By Christopher Romano  —  Apr 26 - 12:50 PM
  • AUD/USD pierced the daily cloud base overnight, rallied to 0.72285

  • Rally sellers perched near the cloud base emerge & a slide ensued

  • AUD/USD fell back below the cloud base, struck 0.71415 in NY's morning

  • A daily inverted hammer formed, monthly inverted hammer already in place

  • Daily, monthly RSIs falling & not diverging, implies downside momentum

  • 76.4% Fib of 0.6968-0.7661 is vulnerable, if breaks selling may intensify

  • AUD/USD shorts then likely to target January's monthly low

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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