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Nov 12 - 01:55 PM

AUD/USD - Bulls Wait Patiently To Buy The Dip

By Christopher Romano  —  Nov 12 - 12:45 PM
  • Short-term bear signals persist & the correction should deepen

  • Daily RSI turns lower & the 23.6% Fib of 0.6990-0.7340 gets pierced again

  • Monthly RSI rises & a slew of tech supports sit in the 0.7195/0.7215 zone

  • AUD/USD bulls looking to buy a dip likely sit in the 0.7205/15 region

  • Bulls expect break above 0.7340/50 & eventual test of 0.7410/20 zone

  • For more click on FXBUZ





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Source:
Refinitiv IFR Research/Market Commentary

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