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Jan 27 - 01:55 PM

AUD/USD - Bears Are One Step Closer To Pouncing

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

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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