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Thomson Reuters
Feb 12 - 12:12 PM
AUD/USD - Angst Grows For AUD/USD Shorts
First appeared on eFXplus on Feb 12 - 09:55 AM
  • AUD/USD's slide from January's high halts near key technical support
  • 200-Day SMA, 61.8 Fib of 0.7501-0.8136 and daily cloud top repel bears
  • Friday's action saw a new low set but pair closes up and RSI diverges
  • Today's risk rally & AUD/USD upside adds credence to Friday reversal signs
  • Recent shorts likely get squeezed hard if res near 0.7845 & 0.7910 break
  • Those squeezes might come ahead of key U.S. CPI and AU jobs data this week

chart: Click here

Source:
Thomson Reuters IFR Markets
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