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Jan 14 - 01:55 PM

AUD/USD - Bulls Await A Dip That Might Not Come

By Christopher Romano  —  Jan 14 - 12:14 PM
  • AUD/USD drop from Jan 6 high stalls at the trend line off Nov's low

  • The 10-DMA has helped to limit the pair's downside as well

  • Buoyant risk sentiment has driven AUD/USD towards the Jan 6 daily high

  • Daily, monthly RSI rising again, implies bull momentum is in place

  • Bulls expecting a dip to 0.7420/50 could soon be disappointed

  • Break of January high likely to see many bulls come to market

  • Broader rally should then resume, 2018 yearly high then in play

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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