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Sep 10 - 04:55 PM

AUD/USD - Bulls' Exuberance Is Quickly Fading

By Christopher Romano  —  Sep 10 - 02:50 PM
  • Risk-on rally induced by ECB drives AUD/USD above 10-DMA, to 5-session high

  • Slide ensues as equity, copper gains fade & safe-haven US$ & yen are bought

  • AUD/USD turns negative on the day, falls below the 10-DMA & nears the 21-DMA

  • Daily RSI diverges on the high, daily inverted hammer candle forms

  • Monthly RSI implies longer-term momentum remain bearish

  • Break below Sep 9 daily low would negate bull signals generated that day

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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