Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 27 - 01:55 PM

AUD/USD - Shallow Dip Bought, Longs Get Rewarded

By Christopher Romano  —  May 27 - 12:25 PM
  • AUD/USD's overnight dip was very shallow, buyers emerged & pair turned +ve

  • Pair's consolidation phase completed & the 38.2% Fib of 0.7661-0.6829 broke

  • 16-session high hit before AUD/USD pulled back toward old resistance

  • Rising daily, monthly RSIs imply upside momentum remains intact

  • 10-DMA cross above the 21-DMA, monthly bull hammer reinforce bullish signs

  • AUD/USD longs now target key resistance in the 0.7245/75 zone

  • 50% Fib of 0.7661-0.6829, May 5 high, 55- & 200-DMAs sit in that area

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!