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AUDUSD starting to reverse nicely, watch break of major support

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Dólar australiano/Dólar estadounidense (FX:AUDUSD)  
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FX:AUDUSD   Dólar australiano/Dólar estadounidense
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdlong audusdforecast audusdsignal audusdsell Forex
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdlong audusdforecast audusdsignal audusdsell forex

AUDUSD is starting to reverse nicely! We are still in an ascending channel that stretches all the way back to December 2017 so only a break of this major channel would trigger a much more bearish move. Right now we’re seeing a close below 0.7988 as the first sign that a possible reversal could be occurring.

RSI (34) sees an ascending support line holding up price really well too. Only a break of this major ascending support line would be the first precursor that a drop might be occurring.

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