AUDUSD: Short term pullback to extend
Hello TV Fellows,
AUDUSD has completed a short term double top formation by breaking its neckline at 0.7174. Meanwhile, RSI has been signalling a negative divergence, as it failed to follow the price action and make new highs.
I expect a retest of 0.7070 main short term support area. Approximately a 100 pips potential.
Kind regards
Tech.
AUDUSD has completed a short term double top formation by breaking its neckline at 0.7174. Meanwhile, RSI has been signalling a negative divergence, as it failed to follow the price action and make new highs.
I expect a retest of 0.7070 main short term support area. Approximately a 100 pips potential.
Kind regards
Tech.