By Christopher Romano — Apr 29 - 11:55 AM
AUD/USD fell below the 55- & 200-DMAs, buyers emerged, pair turned positive
The thinning daily cloud was pierced and a 13-session high was set
Rally off the April 19 daily low has helped generate bullish tech signals
Monthly RSI diverged on the 5-month low set on April 19 & is now rising
Daily RSI is rising & not overbought; RSIs imply upward momentum
Hold above a slew of daily moving averages reinforces bullish signals
US employment reports, Fed policy meeting are major looming risks
Should risks be US$ negative AUD/USD longs may target December's high
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Source:
Refinitiv IFR Research/Market Commentary