By Christopher Romano — Jan 27 - 12:48 PM
Bull hammer signal generated Jan 26 gets negated today
AUD/USD falls from 0.7764 & hits 0.7644, bearish outside candle forms
Falling daily, monthly RSIs imply bearish momentum is back
Inverted monthly hammer reinforces growing bearish sentiment
Jan 4 daily low, 23.6% Fib 0.6990-0.7819 are key supports
If they break bears likely to pounce and push AUD/USD much lower
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Source:
Refinitiv IFR Research/Market Commentary