TipTVFinance

AUD/USD – Increased risk-off of a sell-off

FX_IDC:AUDUSD   Australian Dollar/U.S. Dollar
· Pair’s repeated failure around 0.78 handle followed by a retreat to 0.76 handle has led to a Gravestone Doji formation on the weekly chart.

· The monthly RSI and MACD suggest loss of bullish momentum.

· The spot thus appears poised for a sell-off to 0.74 handle.
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