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Nov 24 - 04:55 PM

AUD/USD - Dip Buyers May Need To Get Aggressive

By Christopher Romano  —  Nov 24 - 02:35 PM
  • AUD/USD trades to a 2-month high after clearing 0.7340/50 resistance

  • Rising daily, monthly RSI imply the rally is likely to extend

  • The September monthly high at 0.7413 is nearing quickly

  • Daily RSI is near overbought so that high might hold the initial test

  • If Sep. high breaks consolidation completes, big rally likely nL1N2IA1SO

  • Dip buyers then likely have to raise bids or come to market and pay offers

  • For more click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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