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Nov 19 - 01:55 PM

AUD/USD - Recent Shorts Tighten Up Their Stops

By Christopher Romano  —  Nov 19 - 11:35 AM
  • Drops in equities & copper, soured risk help drive AUD/USD lower

  • Pair falls below the 10-DMa, daily RSI implies s-t bear momentum builds

  • Recently established shorts in good shape, small profits likely locked in

  • Stops likely now above the 10-DMa and today's 0.7305 high

  • Tests of the Nov. 13 low and daily cloud top now seem likely

  • 55-DMA and 0.7145/60 zone are target if 0.7210/20 support breaks

  • For more click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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