By Christopher Romano — Nov 08 - 12:40 PM
AUD/USD rallied to 0.64495 Wednesday then sellers emerged, pair turned lower
0.6407 hit in NY morning, slide stopped near 10- & 55-DMAs, daily cloud base
Pair remained down -0.31% after Europe's close and techs leaned bearish
Daily RSI is falling & monthly inverted hammer candle is forming
Monthly RSI & hold above 10-, 21-, 55-DMAs & cloud base gives longs comfort
Break below 0.6390/0.6405 zone may trigger stops, bring Oct. low into focus
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary