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Jul 31 - 01:55 PM

AUD/USD - Aggressive Bulls Break Key Impediments

By Christopher Romano  —  Jul 31 - 11:40 AM
  • AUD/USD opened the week by gapping at the open, gap was nearly filled

  • Buyers on dip below 0.6650, steady gains persisted into Europe's close

  • Pair rallied above the daily cloud base & top, 55-DMA and 200-DMA

  • The 21-DMA was pierced but light profit taking lead to a slight pull back

  • Rising daily, monthly RSIs imply upside momentum is now in place

  • Clean break & close above 21- & 10-DMA brings 0.6825/45 zone into focus

  • June's high, t-l off 2021 high targeted should 0.6825/45 give way

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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