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Dec 06 - 01:55 PM

AUD/USD - Rally Sellers Are Exposed

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

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