USDAUD Continues its Dive

And that is not a surprise really. In the face of equities, commodities rising, we can expect some liquidity (USD) problems. These might accelerate as the first few months of 2021 come to pass. The negative trend continues since the last time we have reviewed USDAUD about a month ago. Now we are aiming for 1.26, 1.25 and 1.24, invalidation is in red as usual. Also note the momentum drop evident on the RSI.