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Apr 19 - 03:55 PM

AUD/USD - Encouraging Signs Emerge For Longs

By Christopher Romano  —  Apr 19 - 01:37 PM
  • Overnight AUD/USD drop briefly dips below 55-DMA, matches April 15 low

  • Sharp rally ensues & the pair turns positive on the session

  • Daily cloud base, 50% Fib of 0.8007-0.7533 get pierced, cloud top neared

  • Rising daily, monthly RSI imply upside momentum intact, further gains likely

  • Longs now looking for break of daily cloud top, target March 18 daily high

  • 0.7885/95 resistance zone then targeted should that daily high break

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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