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Mar 12 - 01:55 PM

AUD/USD - Dip Buyers Emerge Near Key Techs

By Christopher Romano  —  Mar 12 - 12:18 PM
  • AUD/USD briefly lifts above 0.7800 in overnight trade but then falls sharply

  • Rise in US rate complex rallies the US$, AUD/USD dips below the 55-DMA

  • Dollar buying abates & AUD/USD dip gets bought after 0.7725 trades

  • AUD/USD rally away from the 10 & 55-DMAs result in daily bull hammer forming

  • Monthly RSI is rising, implies longer-term momentum is bullish

  • Close above the 21-DMA, March 3 high could lead to a test of Feb's high

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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