By Christopher Romano — Mar 15 - 03:49 PM
AUD/USD fell below the 10- & 55-DMAs again, 2nd time in as many days
Pair hits 0.7706 low then rallies sharply, climbs above the 10 & 55-DMAs
A daily long legged daily doji forms which follows Friday's bull hammer
Both candle patterns suggests bulls are lurking and are buying dips
Monthly RSI implies longer-term momentum is bullish, daily RSI near rising
A daily close above the 21-DMA would bolsters bullish sentiment
Break above March 3 daily high likely to run stops, Feb high then targeted
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Source:
Refinitiv IFR Research/Market Commentary