By Christopher Romano — Oct 25 - 11:50 AM
AUD/USD rallies since late Sept stalled near the 55-DMA, drops followed
The same pattern emerged today after 55-DMA neared & 9-session high hit
Bearish daily tech signs emerged today which reinforced existing bear signs
Daily RSI diverged on the high & a daily bearish engulfing candle formed
Daily, monthly RSIs & hold below 76.4% Fib 0.6170-0.7158 signals reinforced
Support near 0.6270/85 remains in focus, if breaks Oct 2022 low is in play
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Source:
Refinitiv IFR Research/Market Commentary