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Apr 23 - 01:55 PM

AUD/USD - Dip Buyers Are Aggressive, Have Key Resistance Threatened

By Christopher Romano  —  Apr 23 - 11:40 AM
  • AUD/USD fell to 0.64415 overnight, buyers emerged and a rally ensued

  • Pair rallied above the 10-DMA, hit a 6-session high of 0.6490

  • Rally stopped at 0.6490/0.6510 zone, series of daily highs/lows sit there

  • Daily RSI is rising, implies short-term upward momentum is in place

  • 55- & 200-DMAs, April 12 daily high are targets should resistance break

  • Thinning daily cloud could attract price action, sits 0.6770/0.6589

  • April monthly doji in place, may be another concern for AUD/USD shorts

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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