AUDUSD is rising and has reached a very strong resistance zone.
Which also aligns with the 78.60% fib extension
As you can see, the RSI indicator is also in the overbought territory.
I think we might see a bearish pullback from the zone.
To the downside
I'm bearish biased.
Which also aligns with the 78.60% fib extension
As you can see, the RSI indicator is also in the overbought territory.
I think we might see a bearish pullback from the zone.
To the downside
I'm bearish biased.