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Apr 11 - 02:55 AM

AUD/USD - Chart Should Get Medium-Term Bulls Fretting

By Ewen Chew  —  Apr 11 - 02:10 AM
  • AUD/USD pares losses but still looks vulnerable at 0.7449

  • Teeters at 21 DMA support 0.7449 after early dip to 0.7419

  • Mon close below will tilt odds in favour of AUD bears

  • Last week's drop, after less-dovish RBA stance, is worrying

  • Failed rally created long-tailed doji, hinting momentum loss

  • If it ends below weekly Ichimoku Cloud 0.716, longs may bail

  • For more click on FXBUZ

AUDdaily: Click here

AUDweekly: Click here

Source:
Refinitiv IFR Research/Market Commentary

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