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Apr 10 - 01:55 PM

AUD/USD - Signs Are Not Encouraging For Bulls

By Christopher Romano  —  Apr 10 - 11:45 AM
  • Daily doji formed Friday; dojis indicate a pause in or reversal of trends

  • Price fell Monday which indicated the doji was a pause in the current drop

  • Upside for AUD/USD is a struggle as the 10- & 21-DMAs help to cap rallied

  • Daily, monthly RSIs are falling, indicate downside momentum is in place

  • The April monthly inverted hammer candle reinforces the bearish signals

  • March monthly low is key support, if breaks 0.6400 are comes into focus

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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