Bulls have the ball
AUDUSD sustains the head and shoulders thereby pointing to further bullish medium term drives. Expect a bit of ranging then further surge northward to the key resistance seen at 0.7206.
As with EURUSD the D1 RSI momentum remains overbought but RSI nor stochastics have held back trends as strong as this.
Note that the D1 and W1 200 period weighted moving average had been breached powerfully so shorts are definitely out of the question
As with EURUSD the D1 RSI momentum remains overbought but RSI nor stochastics have held back trends as strong as this.
Note that the D1 and W1 200 period weighted moving average had been breached powerfully so shorts are definitely out of the question