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Sep 14 - 01:55 PM

AUD/USD - Topping Pattern Is Still Developing

By Christopher Romano  —  Sep 14 - 12:05 PM
  • AUD/USD trades above 10 & 21-DMAS and daily RSI is rising

  • Monthly RSI implies longer-term momentum is bearish though

  • Neckline for the H&S top currently sits near 0.7215

  • Neckline break completes pattern, implies 0.7000/20 could be tested

  • RBA minutes tonight, Fed meeting Wed. are looming risks

  • For more click on FXBUZ





aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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