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Feb 09 - 01:55 PM

AUD/USD - Longs Enjoy Additional Bull Signals

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

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