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Jan 21 - 01:55 PM

AUD/USD - Rally Sellers Remain Ahead Of The Range Top

By Christopher Romano  —  Jan 21 - 12:11 PM
  • Weak shorts stopped out as rally off Jan 18 low extends above 0.7780 today

  • Patient bears emerge though & sell the rally, pair nears flat on the session

  • Rising daily, monthly RSI imply bull momentum is in place for now

  • Daily grave stone doji, key 0.7810/20 resistance implies bears have an edge

  • Bears need break below 0.7640/60, 23.6% Fib 0.6990-0.7819 to gain control

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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