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Jan 25 - 01:55 PM

AUD/USD - Patient Bears Focus Is On Key Support

By Christopher Romano  —  Jan 25 - 12:03 PM
  • Bear signals intensify as AUD/USD falls below 10- & 21-DMAs

  • Daily RSI implies short-term bear momentum is increasing

  • Monthly RSI is close to diverging on the bull-trend high recently set

  • January's inverted hammer candle reinforces bearish sentiment

  • 0.7640/60 is key support, if breaks stops likely get triggered

  • Break of support might cause bears to come to market & hit bids

  • Tests of supports near 0.7450, 0.7350 then cannot be ruled out

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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