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Oct 25 - 01:55 PM

AUD/USD - Rally Sellers Emerge Near A Familiar Impediment

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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