aandragon
Long

AUDUSD test of resistance

FX:AUDUSD   Australian Dollar / U.S. Dollar
25 0 0
The AUDUSD             pair looks like it going to test the long term trend (pink) line which happily coincides with the horizontal resistance (blue) line.

There is RSI divergence on the weekly chart and maybe with MACD too. These are signs that a trend reversal may be underway.

If resistance holds, a new longer term downtrend will resume. If it is broken to the upside, that means the long-term uptrend is still intact.

In these markets, anything can happen. Good luck.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out