Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 03 - 01:55 PM

AUD/USD - Bulls Are Looking To Buy The Dip

By Christopher Romano  —  Nov 03 - 12:40 PM
  • Nov 2 bull hammer followed by rally above the 10 & 21-DMAs, t-l off Sep high

  • Daily, monthly RSIs rise after diverging on 4-month low (0.6990) set Nov 2

  • Bullish signals are increasing and shorts likely to get squeezed further

  • Dip buying is likely the prudent strategy at the moment

  • 55-DMA, daily cloud, Oct 14 high are impediments, sit in 0.7182/92 zone

  • Break of those resistances target 0.7245/50, 0.7325/45 resistance zones

  • For more click on FXBUZ





aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!