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May 04 - 01:55 PM

AUD/USD - Shorts Overcome A Key Impediment, Eye April's Low

By Christopher Romano  —  May 04 - 01:24 PM
  • AUD/USD consolidated gains off the April 1 low in the 0.7690/0.7820 range

  • Today bears push AUD/USD below the 21-DMA & range low, 14-session low is set

  • Daily, monthly RSIs are falling, implies downside momentum is in place

  • 50% Fib of Apr 1-20 rally & April 7 high are new impediments for shorts

  • RSIs, break of range low suggest AUD/USD to test 0.7585/95, April 1 low

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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