Fundamental analysis confirm that the AUD will gain STRENGHT!

FX:AUDUSD   Australian Dollar / U.S. Dollar

If you go to the lower time frame (12h and 4h) charts you'l see that the AUDUSD formed a lower low.

At the same time the RSI formed a nice divergence not passing the 50% mark in between the HIGHER and LOWER low.

It all depends on the GOLD: Will the BEARS push a little bit more for the USD to go up! USD is much stronger then the AUD in this pair. It has a lot more weight.

Also look at the nice firm BAT PATERN that is formed at the end of this BEARish trend /move.

IMPORTANT: Look at the GOLDs RSI and position your self for a LOND TERM BUY.



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