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Feb 08 - 01:55 PM

AUD/USD - Mixed Signals Suggest Range Trading Theme For Now

By Christopher Romano  —  Feb 08 - 12:29 PM
  • Daily cloud top, 55-DMA recently exerted bullish influences

  • Monthly and daily RSIs imply bullish momentum is intact

  • Monthly bull hammer in the process of forming for February

  • Jan. inverted monthly hammer still valid, 0.78195 break invalidates

  • Monthly bull & inverted hammers suggest AUD/USD might range trade

  • Playing 0.7560/0.7820 range might be prudent until either side breaks

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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