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Mar 09 - 01:55 PM

AUD/USD - Encouraging Signs For Longs But Caution Still Warranted

By Christopher Romano  —  Mar 09 - 11:59 AM
  • AUD/USD sinks & negates the March 5 bull hammer, hits a 1-month low

  • Sharp reversal takes hold as UST yields sink, USD/CNH falls near 6.5100

  • AUD/USD turns +ve, climbs back above the daily cloud, daily RSI diverges

  • Signals generated today give AUD/USD longs comfort but caution is needed

  • 55-DMA caps gains, monthly RSI falling & long upper wick on March candle

  • AUD/USD appear to be consolidating recent drop, could resolve with new lows

  • Break & hold above 55-DMA, March 5 high likely to ease s-t bear pressure

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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