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Feb 16 - 04:55 PM

AUD/USD - Dip Buyers Might Get Their Chance To Get Long

By Christopher Romano  —  Feb 16 - 02:59 PM
  • AUD/USD hits a 1-mo high before turning lower on the session

  • Daily doji forms, daily RSI diverges; signs imply drop is possible

  • Pair still trades above 10 & 21-DMAs, rising daily cloud top

  • Monthly bull hammer & rising monthly RSI bolster bull sentiment

  • Any pull back might be limited & present a dip buying opportunity

  • Break above January high could result in test of 0.8135/65 zone

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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