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Apr 14 - 01:55 PM

AUD/USD - Longs Are Not Happy With Signs That Emerged

By Christopher Romano  —  Apr 14 - 11:40 AM
  • AUD/USD rallied to a 2-month high of 0.6808 Friday then turned sharply lower

  • Pair fell below the 55-, 200- & 10-DMAs as well as the daily cloud base

  • Daily RSI diverged on the high & a daily inverted hammer candle formed

  • March monthly candle became a doji after recently being a bull hammer

  • 0.6680/90, 0.6620/25 are supports, breaks bring the March low into focus

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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