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Mar 26 - 01:55 PM

AUD/USD - Shorts Face Squeeze Risk But It Is Likely To Be Short Lived

By Christopher Romano  —  Mar 26 - 11:40 AM
  • Recent AUD/USD drop stalls at key support near 0.7560, doji forms Thursday

  • A rally follows the doji today, daily RSI turns from near oversold territory

  • Daily cloud base is rising, could become magnetic & aide a short squeeze

  • Falling monthly RSI, March inverted hammer candle imply bear trend to resume

  • Shorts likely to get squeezed but rally sellers likely lurk at higher levels

  • Sellers likely placing offers near bearishly aligned 10-, 21- & 55-DMAs

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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