Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 30 - 01:55 PM

AUD/USD - Rally Sellers Now Await Next Leg Of Bear Market

By Christopher Romano  —  Jul 30 - 01:18 PM
  • AUD/USD rally off July 21 low halts near 21-DMA, bear flag top on day chart

  • Pair falls sharply today, slips back below 10-DMA, nears bear flag base

  • Daily RSI turns down after oversold unwind, monthly RSI falls further

  • Break of bear flag base implies next leg of bear trend is beginning

  • Completion of bear flag suggests test of 38.2% Fib of 0.5510-0.8007 possible

  • Nov 2020 monthly low at 0.6990 targeted should that Fibo break

  • For more click on FXBUZ




audusd 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
© 2021 eFXdata · All Rights Reserved
!