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Jan 20 - 01:55 PM

AUD/USD - Rally Sellers Are Now Struggling

By Christopher Romano  —  Jan 20 - 11:55 AM
  • Rally sellers emerged on Jan 19 & an daily inverted hammer formed

  • That bear signals gets negated today after Tuesday's high breaks

  • Piercing of 10-DMA & rising daily, monthly RSIs are concerns for shorts

  • Break of 0.7640/45 support, 23.6% Fib of 0.6690-0.7819 gives bears control

  • Bulls gain more traction above 0.7815/20, 0.7890/00 is then targeted

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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