AUD / USD – Shorts Gain Traction After Recent Test Of Key Resistance

AUD / USD rally off the May 13 low stalls on Tuesday, trades to 0.78135

Bulls stop short of 0.7815 /  20 structural resistance, inverted hammer forms

Today AUD / USD falls sharply, breaks the 21-DMA & daily cloud top

Slide stalls at 0.7732 which is just shy of the May 17 daily low Daily RSI, monthly inverted hammer imply AUD / USD bears  have the advantage 55-DMA, May14 low sit 0.7714, if they break bears target 0.7675 / 85 zone

Source: https://plus.efxdata.com/news/insights

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