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Oct 10 - 03:48 PM
AUD/USD - Longs Are Probing Some Big Resistance
First appeared on eFXplus on Oct 10 - 01:30 PM
  • Pair falls back below the cloud after US CPI & claims nL2N26V0LO

  • Dip bought though as risk sentiment rallies on Brexit & trade hopes

  • US$ down against EM ccy, high betas and most of the majors

  • AUD/USD nears the 21-DMa after climbing back above the cloud base

  • Techs are bullish, RSIs rise, daily bullish outside candle forms

  • If longs overcome topside hurdles decent gains are likely nL2N26V101







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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