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Mar 08 - 01:55 PM

AUD/USD - A 2-Month High Is Hit Then A Warning Flashes

By Christopher Romano  —  Mar 08 - 11:40 AM
  • AUD/USD hit a 2-mo high of 0.6667, rally stalled near the daily cloud top

  • Sellers emerged, much of the gains eroded, pair neared flat on the session

  • A daily gravestone doji candle formed which is a bearish signals

  • The doji suggests AUD/USD may have to correct some of its recent rally

  • Monthly techs are bullish still so a downward correction may be limited

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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