By Christopher Romano — Dec 06 - 12:15 PM
AUD/USD pierced the 10-DMA and neared the December 2 daily low
Sellers emerged however and soured risk help erode the early gains
AUD/USD trades slightly lower on the session now & techs lean bearish
Daily & monthly RSIs are falling, implies downside momentum in place
Daily gravestone doji, monthly inverted hammer reinforce bear signals
The 21-DMA & November 30 daily low are immediate supports
Break of those supports puts supports near 0.6635 & 0.6580 in focus
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary