Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 28 - 01:55 PM

AUD/USD - Bulls Have Drawn A Line In The Sand

By Christopher Romano  —  Feb 28 - 11:40 AM
  • AUD/USD fell overnight, traded to 0.6704 when buyers emerged

  • Equity ESv1 gains, softer US rates EDZ3 helped drive risk-on

  • US$ sold broadly as investors seek our riskier assets

  • AUD/USD turned positive, rallied to 0.6757 into Europe's close

  • Daily bull hammer formed & daily RSI is rising again

  • AUD/USD bulls are leaning against psychological 0.6700 level

  • Daily techs imply test of 200-DMA, 0.6800/25 zone is likely

  • Monthly techs remain bearish however, rally may be sold

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!