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Mar 15 - 05:55 PM

AUD/USD - Despite The Drop Bulls See Some Encouraging Signs

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

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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