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Jan 12 - 01:55 PM

AUD/USD - Bulls Might Wait Patiently Until The Dust Settles

By Christopher Romano  —  Jan 12 - 12:19 PM
  • AUD/USD bounces further from Jan 11 low but the 10-DMA is magnetic

  • Monthly RSI is falling and a monthly inverted hammer candle is forming

  • Monthly tech signals imply correction from Jan 6 high might deepen

  • Longer-term bulls likely to be patient, let the market come to them

  • Monthly highs in the August-November period sit in the 0.7400/20 zone

  • Bids for longer-term bulls likely reside there, broader rally still intact

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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