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Mar 28 - 01:55 PM

AUD/USD - A Sign Of Hope Emerges For Bulls

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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