Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 20 - 01:55 PM

AUD/USD - Longs Now Distressed As Major Warning Signals Flash

By Christopher Romano  —  Apr 20 - 12:04 PM
  • AUD/USD rallies to a new 1-month high & hits 0.7816 on D3

  • Rally stalls short of the 61.8% Fibo of 0.8007-0.7533, drop ensues

  • Risk sours; equities ESv1, copper HGv1, bond yields drop sharply

  • Broad based US$ buying takes hold, USD/CNH CNH= lifts above 6.5000

  • AUD/USD turns negative, nears the 55-DMA, hits 0.7730 intra-day low

  • A large daily inverted hammer forms & daily RSI diverges on the high

  • Both signals are key warnings for recently established AUD/USD longs

  • April 15 & 19 daily lows, 55-DMA are support, stops likely sit below

  • Break of those supports could lead longs to exit, see 21-DMA test

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!