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Nov 10 - 01:55 PM

AUD/USD - Rally Sellers Keep Control But Progress Get Hampered

By Christopher Romano  —  Nov 10 - 11:57 AM
  • AUD/UD falls to a 1-month low after above estimate US Oct CPI nL1N2S11D2

  • 0.7341 trade but AUD/UD bounces toward 0.7395, rally sellers then emerge

  • AUD/USD then sinks again but stalls as the 55-DMA acts magnetically

  • Downside risks remain however as techs highlight downside risks

  • Daily, monthly RSI are falling, 10-DMA crossed below the 21-DMA

  • AUD/USD shorts likely target the daily cloud, currently sits 0.7284/92

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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