By Christopher Romano — Mar 28 - 11:50 AM
AUD/USD broke the daily cloud base, t-l off Feb. low overnight, 0.64855 hit
A sharp rally ensued however and the pair climbed back above both
A daily bull hammer candle formed after the pair hit a 3-week low
AUD/USD longs encouraged by the signal but bear signals still remain
Pair below 10-, 21-, 55- & 200-DMAs & monthly gravestone doji in place
Japan March CPI Tokyo, U.S. February PCE are key data risks Friday
Data may determine if today's break lower was false or not
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Source:
Refinitiv IFR Research/Market Commentary