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
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Source:
Refinitiv IFR Research/Market Commentary