Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 17 - 01:55 PM

AUD/USD - Bears Struggle But The Downside Should Prevail

By Christopher Romano  —  Sep 17 - 12:30 PM
  • US$ rally after Fed meeting extends today but only slightly

  • AUD/USD slides below the 10 & 21-DMAs, nears the Sep 10 daily low

  • Bounce ensues which results in a long lower wick on the daily candle

  • AUD/USD climbs back above the 10 & 21-DMAs but is -ve on the session

  • Daily, monthly RSIs imply bear momentum remains & fall should resume

  • Break of trend line off Aug 3 daily low will bolster bear sentiment

  • For more click on FXBUZ





aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!