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Dec 04 - 02:36 PM
AUD/USD - Longs Enjoy Persistent Bullish Tendencies
First appeared on eFXplus on Dec 04 - 12:45 PM
  • Pair's dip below daily cloud top & 21-DMA is short lived, bounce ensues

  • Rally forms a long lower wick on the daily candle and turns RSIs up

  • Nov. 11 high, trend line off the Dec. 2018 high are key resistances nearby

  • Tech studies highlight upside risks; Suggest Nov 11 high, t-l breaks likely

  • 200-DMA & October's high become targets should those resistances give way







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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