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Feb 18 - 05:55 PM

AUD/USD - The 10-DMA Helps Keep Recent Longs In The Game

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

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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