Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Aug 02 - 01:55 PM

AUD/USD - Shorts Lean On Corrective Price Action

By Christopher Romano  —  Aug 02 - 11:45 AM
  • AUD/USD's overnight drop stalls at the bear flag base shown on daily charts

  • Pair bounces & pierces the 10-DMA while daily RSI rises again

  • AUD/USD corrective price action persists which should favor shorts

  • A test of the bear flag top seems likely, sellers likely nearby

  • Break of flag base implies correction done, bear trend to resume

  • Rally sellers likely target support in the 0.7225/55 area once short

  • For more click on FXBUZ

audusd Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved