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Mar 15 - 03:55 PM

AUD/USD - Rally Sellers Reign, Key Support In Play

By Christopher Romano  —  Mar 15 - 01:40 PM
  • Two rallies above 0.6700 this week failed to maintain momentum

  • Sellers emerged near 0.6710/15 both times, sharp drops followed

  • Today's sales aided by banking sector worries driving risk-off

  • AUD/USD fell below the 10-DMA, daily bearish outside candle formed

  • Daily & monthly RSIs are falling, imply downside momentum in place

  • Key support in the 0.6450/0.6500 area is no win focus

  • Should risk sour further support may break, October low then targeted

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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