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Feb 27 - 01:55 PM

AUD/USD - Dip Buyers Emerge As Do Troubling Signs For Shorts

By Christopher Romano  —  Feb 27 - 11:55 AM
  • AUD/USD fell to a fresh 1-/1-2-month low of 0.66985 in Europe's a.m.

  • Buyers emerged, pair hit 0.6742 into Europe's close & is near flat

  • Daily RSI did not confirm the new low & a daily bull hammer candle formed

  • Short-term tech signals could be a warning for recently established shorts

  • Monthly techs remain bearish however, rallies likely to be short lived

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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