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Oct 02 - 04:55 PM

AUD/USD - Techs Suggest Bears Gain Traction After The Squeeze Ends

By Christopher Romano  —  Oct 02 - 02:40 PM
  • Rally off Sep 25 low reverses at 50% Fib of 0.7413-0.7006, 21-DMA

  • AUD/USD falls today, confirms the Oct 1 daily inverted hammer signal

  • 10-DMA neared while daily, monthly RSIs indicate bear momentum in place

  • 0.7085/0.7105 is support, a break should see bears target 0.7000/10

  • Break below 0.7000 targets July monthly low & possibly 0.6645/95

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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