ARYK08

AUDUSD Potential short play

Corto
FX:AUDUSD   Dólar australiano/Dólar estadounidense
2
Price is seeing resistance near a 1/3 line which comes from the December 23rd low to the March 20th high. This line was initally a support level but price broke through it and now it is a resistance line. It proved to be valid on May 24th - 25th. This resistance also comes from the 100d MA, the 200d MA is right below price at .7531 and a daily close below this could be significant. RSI hit 60 on June 7th and has yet to break 61 since late February. MACD is negatively converging. Stochastics are coming out of overbought levels. Its also near the previous highs of early May. The 50d MA bearishly crossed over the 100d on May 17th and the 200d on May 15th.
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