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Mar 11 - 01:55 PM

AUD/USD - More Dip Buyers Emerge

By Christopher Romano  —  Mar 11 - 12:00 PM
  • Upbeat risk drives US$ sales, AUD/USD rallies to 21-DMA overnight

  • Bout of US$ buying drives AUD/USD down near the 10- & 55-DMAs

  • Buyers emerge though & the US$ selling returns, AUD/USD rallies sharply

  • Pair turns positive on the session, nears the 21-DMA again

  • Dips becoming shallow & daily, monthly RSIs imply bull momentum is intact

  • Break above 21-DMA targets the March 3 high; stops likely above that high

  • If stops get triggered February's 0.8007 high is in play

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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