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Nov 18 - 01:55 PM

AUD/USD - Rally Sellers Hold The Advantage For Now

By Christopher Romano  —  Nov 18 - 12:25 PM
  • AUD/USD's overnight rally stalled short of the 61.8% Fib 0.7136-0.6170

  • 0.67295 traded when sellers took over, pair then turned negative

  • Support from daily cloud top, Nov. 17 low, 10-DMA sits 0.6630-0.6653

  • Falling daily RSI implies downward momentum in the shorter-term

  • Monthly RSI is rising however & suggests recent uptrend should resume

  • Break of support in 0.6500/50 zone may mean rally off Oct. low is over

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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