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Jan 14 - 01:55 PM

AUD/USD - Longs Face Troubling Signs

By Christopher Romano  —  Jan 14 - 12:25 PM
  • AUD/USD's rally off the Jan 7 low stalled Thursday at 0.7314

  • Rally stalled short of 61.8% Fib of 0.7555-0.6994, rising channel top

  • Gravestone doji formed Thursday, is followed by a drop on Friday

  • Pair falls below daily cloud top, 50% Fib 0.7555-0.6994 and 55-DMA

  • Daily and monthly RSIs are falling, imply downside momentum building

  • Should drop extend below channel base, cloud base deeper fall likely

  • For more click on FXBUZ





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Source:
Refinitiv IFR Research/Market Commentary

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