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Jan 28 - 01:55 PM

AUD/USD - Bulls Will Lean On The Hammer

By Christopher Romano  —  Jan 28 - 12:26 PM
  • AUD/USD slide from Jan 6 high pierces 23.6% Fibo of 0.6990-0.7819

  • Pair goes on to hit a 1-month low at 0.7592 but a sharp reversal ensues

  • AUD/USD turns +ve on the day, bull hammer forms, daily RSI diverges

  • Daily techs flash signals that will encourage short-term bulls

  • Potential for AUD/USD to trade back near 0.7750/60 resistance

  • Dip buyers likely raise bid, decent hourly support near 0.7640

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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