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Apr 29 - 01:55 PM

AUD/USD - Ahead Of Fed, US Jobs Risks Signals Flash Green For Bulls

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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