AUD/USD technical charts are flashing early signs of bullish trend reversal. The drop in the value of AUD puts (bearish bets) supports the bullish case. The AUD/USD created a hammer candle last week, signaling a bearish exhaustion. The currency pair has found acceptance above 0.71 today and could soon cut through falling trendline from January highs as both the RSI and stochastic are flashing bullish divergence on the daily chart. The bullish case further strengthens if we take into account the drop in the value of the AUD put options. The AUD/USD one-month 25 delta risk reversals (AUD1MRR) rose to -1.0 Thursday, the highest since Oct. 2. The gauge stood at -1.2 on Oct. 26. The recovery from -1.2 to a one-month high of -1.0 represents the fall in demand or implied volatility premium for the out of the money put options. AUD1MRR FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Blockchain revolution is on the way as Bitcoin slips back under $6,300 FX Street 4 years AUD/USD technical charts are flashing early signs of bullish trend reversal. The drop in the value of AUD puts (bearish bets) supports the bullish case. The AUD/USD created a hammer candle last week, signaling a bearish exhaustion. The currency pair has found acceptance above 0.71 today and could soon cut through falling trendline from January highs as both the RSI and stochastic are flashing bullish divergence on the daily chart. The bullish case further strengthens if we take into account the drop in the value of the AUD put options. The AUD/USD one-month 25 delta risk reversals (AUD1MRR) rose… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
