By Christopher Romano — Feb 09 - 12:16 PM
AUD/USD rally off the Feb 2 low extends, hits a 9-day high
Pair trades above 10- & 21-DMAs, 38.2% Fib of 1.1081-0.5510
Daily, monthly RSI rising, implies bullish momentum is in place
Monthly bull hammer candle forming for month of February
Recent dip buyers being rewarded, test of January high seems likely
Break above Jan high suggests rally off 2020 low is resuming
Probability of key 0.8125/40 resistance zone is then likely
For more click on FXBUZ
aud/usd Click here
Source:
Refinitiv IFR Research/Market Commentary