AUD / USD falls below the daily cloud top, 10- & 21-DMAS in overnight trade
Risk-off tone, weakness in EM & high beta currencies drive AUD / USD down
Slide stalls short of the 55-DMA though, sharp bounce takes hold
AUD / USD climbs back above the daily cloud and a daily bull hammer forms
Today’s price action gives longs some confidence higher levels are possible
Break above 0.7800 / 20 zone needed to give longs greater confidence
