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Nov 15 - 01:55 PM

AUD/USD - Dip Buyers Remain Aggressive, Drive Break Of Key Impediments

By Christopher Romano  —  Nov 15 - 11:35 AM
  • AUD/USD fell overnight but only marginally, a low of 0.6686 was made

  • Dip buyers were sitting just ahead of the daily cloud top

  • The ensuing rally resulted in a 2-month high of 0.67975 being made

  • 61.8% Fib 0.7136-0.6170, 38.2% Fib 0.7661-0.6170, t-l off April high broken

  • Dip in NY bought aggressively, pair now buoyed near the session high

  • Daily, monthly RSI rising & not overbought, implies upside momentum remains

  • Longs now target 76.4% Fib 0.7136-0.6170, Sept. high, they sit 0.6908-16

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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