By Christopher Romano — Feb 18 - 03:35 PM
AUD/USD briefly dips below the 10-DMA but then bounces sharply
Dip buying theme seems to be building and bulls lean on the 10-DMA
AUD/USD gains aided by USD/CNH dip below 6.4600, lower US 10-yr yield
Rising daily, monthly RSIs imply bull momentum remains, higher levels likely
January monthly high (0.7819) remains an impediment; stops likely above
Break & monthly close above high results in monthly bullish outside candle
Such a candle would send a very bullish technical signal
Test of key resistance in the 0.8135/65 zone is then likely
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Source:
Refinitiv IFR Research/Market Commentary